________ was the major system of exchange rate determination before 1914.
A. The gold standard
B. The managed-floating system
C. The freely-floating system
D. The Bretton Woods system
Answer: A
You might also like to view...
The introduction of a tax in a perfectly competitive marketplace that is originally in equilibrium will lower total surplus
a. True b. False Indicate whether the statement is true or false
In cost-benefit analysis, there is no problem created by inflation.
A. True B. False C. Uncertain
Ceteris paribus means
A. Holding everything constant except for the variables you are interested in examining. B. Holding constant the determinant of demand or supply that you are interested in examining. C. Changing prices to see how demand or supply shifts. D. Allowing the free market to decide, not government.
Which of the following is necessary for a system of marketable pollution permits to lead to beneficial trades between polluting companies?
A. Companies must have common abatement costs. B. There must be differences in abatement costs between companies. C. Company owners must have a social conscience and must be devoted to pollution abatement. D. The government must direct companies toward beneficial trades.