B) only washington dc is effected
The EUro has pros. Such as transparency, reducing cost of exchange, reducing cost of printing, the same and anticipated monetary policy in every member country etc.
The answer is: competition, self interest, and laissez-faire
According adam smith, competition in society is inevitable because the resources that exist in the environment are limited.
Due to people's survival instinct and self interest, people would most likely take care of themselves and their loved ones before taking care of others. This is why people start to compete to obtain the limited resources for themselves.
Laissez-faire refers to the principles of free private transactions among people in one certain area that is free from government regulation. This being done because people tend to not be able to produce/obtain all the resources they need. Which is why we are trading the resources that we own with one another.
