The gold standard was the major system of exchange rate determination
A. before 1914.
B. prior to 1785.
C. following World War II.
D. until 1971.
Answer: A
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A. Fewer imported goods and fewer domestically produced goods, ceteris paribus. B. Fewer imported goods and more domestically produced goods, ceteris paribus. C. More imported goods and fewer domestically produced goods, ceteris paribus. D. More imported goods and more domestically produced goods, ceteris paribus.
The price charged by a profit-maximizing monopolist occurs at:
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