Question 9 Fiscal federalism in the EU refers to Not yet answered Select one: Marked out of 1.00 O a. one nation's control of the monetary policy of all the other nations. Flag O b. one nation making decisions regarding fiscal policy - taxes and spending - of another nation. question O c. any one nation's freedom to abandon the Euro and use its own currency. O d. the transfer of economic resources from members with healthy economies to those suffering economic setbacks. Question 10 Not yet What are the biggest advantages the U.S. has over the EU in terms of being an Optimum Currency Area? answered Select one: Marked out of 1.00 O a. high mobility of labor force, more transfer payments between regions P Flag O b. more specialized labor force and natural resource advantages question O c. low mobility of labor, higher labor productivity, lower level of intra-regional trade O d. uniformity of population's taste in consumption and high unionization of U.S. Labor force