Author Question: The gold standard is an example of A) the Bretton Woods System. B) a floating exchange rate ... (Read 63 times)

abarnes · **on:** Jun 29, 2018

The gold standard is an example of

A) the Bretton Woods System.
B) a floating exchange rate system.
C) a managed float exchange rate system.
D) a flexible exchange rate system.
E) a fixed exchange rate system.

Question 2

Refer to Figure 7-3. Without the quota, the domestic price of peanuts equals the world price which is 2.00 per pound. What is the quantity of peanuts demanded by domestic consumers in the absence of a quota?

A) 10 million pounds B) 28 million pounds C) 30 million pounds D) 40 million pounds