The pre-1914 gold standard imposed pressure to adjust mostly on countries that experienced
A. official settlements balance deficits.
B. seasonal fluctuations in export sales.
C. persistent increases in the countries' holdings of official international reserves.
D. trade surpluses.
Answer: A
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The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. What is the marginal social cost to the economy of Kaffenia of producing the 300th dozen doughnuts each day?
A) $10.00 per dozen B) $8.00 per dozen C) $6.00 per dozen D) $4.00 per dozen
Is the marginal benefit someone receives from a good or service the same as the price the person pays? Explain your answer
What will be an ideal response?
Holding the price of a firm's output constant, if the marginal product of labor increases
A) the marginal products of other inputs also increase. B) the marginal revenue product of labor also increases. C) the marginal revenue product of labor may increase or decrease. D) the marginal revenue product of labor decreases.
If the MPC is 0.75, what is the value of the government purchases multiplier?
a. -1.33 b. 3.0 c. -3.0 d. 4.0 e. -4.0