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 45 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

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

The logistic growth model does not describe all populations. The logistic growth model does not describe all populations.
The following terms describe types of body movement that occur at the diarthrotic joints The following terms describe types of body movement that occur at the diarthrotic joints
Heap Leach Operations for the Recovery of Gold Heap Leach Operations for the Recovery of Gold
The lower respiratory tract and the process of gas exchange. The lower respiratory tract and the process of gas exchange.
Pendant of Gold Bees Pendant of Gold Bees
Video: Arthritis

For a complete list of videos, visit our video library