________ was the major system of exchange rate determination from the end of World War II until 1971.
A. The gold standard
B. The freely-floating system
C. The managed-floating system
D. The Bretton Woods system
Answer: D
You might also like to view...
Except for perfect complements, an indifference curve has a ________ slope and becomes ________ moving to the right
A) negative; flatter B) negative; steeper C) positive; flatter D) positive; steeper
A recession is a period when
a. output growth is negative for two consecutive quarters b. actual output falls below potential output and the rate of unemployment falls below the high- employment benchmark. c. unemployment reaches 10 percent for an extended period of time. d. actual output falls below potential output and the rate of unemployment rises above the high-employment benchmark..
Mutual interdependence applies to actions of:
a. monopolistic competitors. b. oligopolists. c. perfect competitors. d. monopolists. e. firms operating in different industries.
Which of the following statements is true with respect to a tariff on imported cheese?
a. It lowers the price of cheese. b. It lowers domestic cheese producers' profits. c. It creates tax revenues for the government. d. It cannot result in retaliation. e. It increases the amount of foreign cheese sold.