Under a pure gold standard
A) the dollar is tied to gold and all other currencies are fixed relative to the dollar.
B) all foreign exchanges involve gold for goods and services.
C) all currencies are defined in terms of gold and these rates are fixed.
D) all trade involves government agencies.
C
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A country's domestic currency's real exchange rate, q, is best described by
A) the price of similar goods in the same market. B) the price of the domestic basket in terms of the foreign one. C) the price of a domestic basket. D) the price of the foreign basket in terms of the domestic basket. E) the price of different goods baskets in the same market.
The political attractiveness of tariffs, quotas, and other trade restrictions is primarily the result of
What will be an ideal response?
Long-run aggregate supply will decrease for...
What will be an ideal response?
The sum of which of the following must be equal to the adult population?
A) employed, unemployed B) employed, unemployed, labor force C) employed, unemployed, not in the labor force D) employed, unemployed, labor force, not in the labor force