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 87 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
Gracias!

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Standard Alcoholic Drink Sizes Standard Alcoholic Drink Sizes
Lipid composition in the outer leaflet (green) and inner leaflet (gold) of the plasma membrane Lipid composition in the outer leaflet (green) and inner leaflet (gold) of the plasma membrane
The RecA strand exchange reaction as shown from single-molecule studies The RecA strand exchange reaction as shown from single-molecule studies
Gold-adorned Face Mask Gold-adorned Face Mask
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Cardiac conductile cells

For a complete list of videos, visit our video library