Author Question: Under the Bretton Woods exchange rate system, ________ could sell their dollars to the American ... (Read 152 times)

SGallaher96 · **on:** Jun 29, 2018

Under the Bretton Woods exchange rate system, ________ could sell their dollars to the American government in exchange for gold.

A) American citizens B) foreign central banks
C) foreign citizens D) all of the above

Question 2

Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D1 and S1 (point A). If there is a surplus of motorcycles how will the equilibrium point change?

A) The equilibrium point will move from A to B.
B) There will be no change in the equilibrium point.
C) The equilibrium point will move from A to C.
D) The equilibrium point will move from A to E.