The focal point of the Bretton Woods system was the:

a. Great Britain pound.
b. institution of special drawing rights.
c. U.S. dollar.
d. gold reserve.
e. management of commodity money.


c

Economics

You might also like to view...

There is 5% average tax on imported goods in the United States. This tax is known as a(n) ________.

A. tariff B. sales tax C. quota D. income tax

Economics

To close an inflationary expenditure gap of $20 billion in an economy with a marginal propensity to consume of 0.8, it would be necessary to

A. decrease the aggregate expenditures schedule by $4 billion. B. decrease the aggregate expenditures schedule by $20 billion. C. increase the aggregate expenditures schedule by $4 billion. D. increase the aggregate expenditures schedule by $20 billion.

Economics

The above table has the marginal product schedule for Nick's Dry Cleaners, a perfectly competitive dry cleaning firm

a) If the price to dry clean a blouse is $8 each, complete the last column of the table. b) If Nick can hire workers at the going wage rate of $16 an hour, how many workers does Nick hire?

Economics

Refer to the figure above. If A forms a customs union with C, the post agreement price will be

A) $10 B) $15 C) $20 D) $25

Economics