Question

What would likely be one advantage and one disadvantage for Britain if it adopted the euro?

Britain could more easily trade with other Europeans, but the value of their currency will be linked to the economic policies of other countries.

Britain can hire foreign labor from other European countries, but wages will go down for everyone in Britain.

Britain will have more control over their economy but will compete less with traders in other European countries.

Britain will be part of a bigger economy but will have to pay more to import goods from other European countries.

Answer 1

The Answer is A, Britain could more easily trade with other Europeans, but the value of their currency will be linked to the economic policies of other countries.

Answer 2

Britain could more easily trade with other Europeans, but the value of their currency will be linked to the economic policies of other countries.