At the 1976 IMF conference in Jamaica,
A) the United States reaffirmed its commitment to buy and sell gold at a fixed price.
B) currencies were formally allowed to float.
C) the major countries of the world agreed to continue a system of fixed exchange rates.
D) the gold standard was reestablished.
B
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Extensive government restrictions on the use of capital are likely to
A) result in capital resources being devoted to their most efficient uses. B) enhance economic growth. C) enhance economic freedom. D) create dead capital.
Which of the following is an advantage to society of monopolistic competition?
A) production at the lowest possible average cost B) product variety C) only essential costs are incurred D) long-run profitability E) The firms have excess capacity so they are are always willing to increase their production.
Countries that trade a small amount with a single foreign country tend to float their exchange rate to the foreign country's currency
Indicate whether the statement is true or false
Which of the following would be included in the capital account section of the balance of payments?
a. government bond purchases by people in other countries b. net investment income c. imports and exports of goods d. imports and exports of services