A column published in the New York Times in 2012 observes that
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Practice Problems

A column published in the New York Times in 2012 observes that

A column published in the New York Times in 2012 observes that “Greece suffers from a crippling competitiveness gap and is locked into the euro.”

a. What is a “competitiveness gap”?

b. Was Greece’s competitiveness gap connected to its use of the euro? Briefly explain.

Hint
It was encouraging to read the recent Lord Banquet Speech by prime minister David Cameroon about the necessity to better organize Great Britain for the worldwide economic competition. Also, the prime minister expressed the necessity for an inclusive plan of improvements to improve modernization and increase Britain’s industrial competitiveness...

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