Which of the following gives consumers an incentive to reduce the consumption of a service when the cost of providing the service is the highest?
a. average cost pricing
b. constant pricing
c. peak load pricing
d. regulated pricing
Question 2
The Bretton Woods System of exchange rates was established:
a. to solidify support for the then-existing gold standard.
b. to peg the worldwide price of silver to the price of gold.
c. in Europe before World War II to establish a flexible exchange rate regime.
d. in the United States in 1944 to develop a gold exchange standard.
e. by a mechanism that made gold the reserve currency of the system.
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