Under which exchange rate system was a dollar redeemable for gold only if the dollar was presented by a foreign central bank?
A) a fiat system B) the gold standard
C) a managed float exchange rate system D) the Bretton Woods System
D
You might also like to view...
If the price elasticity of supply of a good is elastic and the good price increases, then the increase in the good's supply should be
A) greater than the increase in price. B) less than the increase in price. C) the same as the increase in price. D) Cannot be determined from this information
The sample regression line estimated by OLS
A) has an intercept that is equal to zero. B) is the same as the population regression line. C) cannot have negative and positive slopes. D) is the line that minimizes the sum of squared prediction mistakes.
Which of the following would be included in the gross domestic product (GDP)?
a. The monthly telephone bill paid by Mr. Jones b. The corporate stock purchased by Steven c. The used limousine purchased by Harold d. The bricks purchased by a construction company to build a house e. The $300 George saved because he painted his own garage
What occurs when a price changes and consumers have an incentive to consume less of the good with a relatively higher price and more of the good with a relatively lower price?
a. Budget constraint b. Consumer equilibrium c. Substitution effect d. Income effect