This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Please briefly describe what is meant by a gold exchange standard. What will be an ideal ... (Read 92 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jun 30, 2018
Please briefly describe what is meant by a gold exchange standard.
 
  What will be an ideal response?

Question 2

If a good is imported into (small) country H from country F, then the imposition of a tariff In country H
 
  A) raises the price of the good in both countries (the Law of One Price).
  B) raises the price in country H and does not affect its price in country F.
  C) lowers the price of the good in both countries.
  D) lowers the price of the good in H and could raise it in F.
  E) raises the price of the good in H and lowers it in F.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macybarnes

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 30, 2018
Answer to Question 1

Under a gold exchange standard, central banks' reserves consist of gold and currencies whose price in terms of gold are fixed, and each central bank fixes its exchange rate to a currency with a fixed gold price. The post-WWII currency system was supposed to be a gold exchange standard with the U.S. responsible for fixing the price of gold at 35 per ounce.

Answer to Question 2

B


xroflmao

  • Member
  • Posts: 515
Reply 2 on: Jun 30, 2018
:D TYSM

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Massage is used as a complement to standard medical treatment in hospitals and skilled nursing ... Massage is used as a complement to standard medical treatment in hospitals and skilled nursing ...
Cradle the head briefly in both hands to end this section. Cradle the head briefly in both hands to end this section.
How to sketch a quadratic equation that is in standard form (Question 2) How to sketch a quadratic equation that is in standard form (Question 2)
How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d) How to describe transformations of a sinusoidal function (y=a*sin⁡b(x−c)+d)
Forces affecting capillary exchange Forces affecting capillary exchange
Video: Inflammation

For a complete list of videos, visit our video library