The demise of the gold standard led to
A. more international trade.
B. greater and greater devaluation.
C. freely floating exchange rates.
B. greater and greater devaluation.
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A major weakness of the kinked demand curve model is that it does not explain how the equilibrium price, i.e., the price at the kink in the demand curve, is determined
Indicate whether the statement is true or false
Suppose there are two goods (X and Y). On a traditional graph of a budget line a tripling of all prices and incomes will
a. alter the slope of the budget line only. b. alter the slope of the budget line as well as the Y-intercept. c. alter the slope of the budget line as well as the X-intercept. d. leave the budget line unaltered.
Suppose Player X's probability of winning a gamble is 0.8 while that of Player Y is 0.5 . Which of the two will be willing to pay for a test and why?
To calculate the cost of capital
A) it needs to know its economic profit. B) the firm must calculate the average weighted cost of debt. C) the firm needs to know how much debt it uses. D) the firm needs to know how much capital is has.