Author Question: The Bretton Woods system confronted severe problems in the 1960s, problems which included A) ... (Read 202 times)

Jkov05 · **on:** Jun 29, 2018

The Bretton Woods system confronted severe problems in the 1960s, problems which included

A) dollars held by foreign central banks exceeded gold reserves held by the United States.
B) some countries with overvalued currencies refused to devalue their currencies.
C) the increased demand for gold brought about by lifting the prohibition against U.S. citizens owning gold.
D) all of the above

Question 2

Refer to Table 1-2. What is Thuy Anh's marginal cost if she decides to stay open for an extra three hours instead of two hours?

A) 0 B) 16 C) 25 D) 32 E) 45