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Author Question: If two countries adhere to a gold standard, the exchange rate for their currencies is fixed. ... (Read 114 times)

penza

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on: Jun 29, 2018
If two countries adhere to a gold standard, the exchange rate for their currencies is fixed.
 
  Indicate whether the statement is true or false

Question 2

Select the phrase that correctly completes the following statement. A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a result,
 
  A) the price of sailboats increased and the demand for sailboats decreased.
  B) the equilibrium quantity of sailboats increased.
  C) the price of sailboats increased. The higher price caused the supply of sailboats to increase.
  D) the price of sailboats increased and the quantity of sailboats demanded decreased.


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kaylee05

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


penza

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Reply #2 on: Jun 29, 2018
Thank you :)


kaylee05

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Reply #3 on: Jun 29, 2018
Happy to help you


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