What was the result of the Bretton Woods Conference?
(A) The creation of a fixed exchange-rate system for the United States and much of Western Europe.
(B) The creation of NAFTA.
(C) The creation of a flexible exchange-rate system for the United States and much of Western Europe.
(D) The creation of the euro.
Ans: (A) The creation of a fixed exchange-rate system for the United States and much of Western Europe.
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________ save a ________ of their income. This ________ capital in their economy and raises economic growth
A) High-income countries; large proportion; increases B) Developing countries; large proportion; decreases C) High-income countries; small proportion; increases D) Developing countries; small proportion; increases
Forty or so dealers establish a "market" in these securities by standing ready to buy and sell them
A) secondary stocks B) surplus stocks C) U.S. government bonds D) common stocks
An increase in production costs will shift the:
A) aggregate demand curve. B) short-run aggregate supply curve. C) long-run aggregate supply curve. D) none of the above.
The long run is a planning period:
a. during which the firm can vary all inputs including its plant size. b. less than six months. c. less than one year. d. less than five years.