Which of the following is not a true statement about the Bretton Woods system?
A) The value of the dollar was fixed in terms of gold.
B) Other currencies fixed values in terms of the dollar.
C) The U.S. was able to increase its money supply easily.
D) Trade deficits were eliminated.
D
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Inequality in the distribution of income in the United States today arises primarily from
A) the collapse of the government's income support system. B) the highly unequal distribution of corporate wealth. C) the tax system. D) the weakness of labor unions. E) unequal abilities to supply valuable human services.
In the foreign exchange market, how does the quantity of U.S. dollars demanded respond to a change in the U.S. exchange rate? Why is there this response?
What will be an ideal response?
(Consider This) Ticket scalping refers to:
A. the surplus of tickets that occurs when price is set below equilibrium. B. the shortage of tickets that occurs when price is set above equilibrium. C. pricing tickets so high that an athletic or artistic event will not be sold out. D. reselling a ticket at a price above its original purchase price.
Sources of ________ include larger industry size resulting in lower production costs.
A. internal constant returns to scale B. external diseconomies of scale C. internal diseconomies of scale D. external economies of scale