The Bretton Woods exchange rate system was an example of a

A) managed float.
B) pure gold standard.
C) modified gold standard.
D) floating exchange rate system.

C

Economics

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Which of the following transactions would be included in the official calculation of GDP?

A) You wash and wax your father's car as a favor to him. B) You illegally download music off the Internet to put on your new iPod. C) You buy a new iPod. D) A student buys a used textbook at the bookstore. E) Firestone sells $2 million worth of tires to General Motors.

Economics

When demand is ____ a percentage change in ____ is exactly offset by the same percentage change in ____ demanded, the net result being a constant total consumer expenditure

a. elastic; price; quantity b. unit elastic; price; quantity c. inelastic; quantity; price d. inelastic; price; quantity e. none of the above

Economics