The gold standard ended with the:
a. rise of Napoleon to power.
b. American Declaration of Independence.
c. outbreak of World War I.
d. first Arab oil embargo.
e. presidency of Richard Nixon.
c
Economics
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Suppose TC = 10 + (0.1 ? q2). If there are 100 identical firms in the market, the market supply curve is
A) Q = 1000 ? p. B) Q = 500 ? p. C) Q = 100 ? p. D) Q = 10.
Economics
Which of the following statements characterize an oligopoly market? a. Oligopoly firms are guaranteed profits due to the lack of competition
b. Firms are aware that their own economic behavior will influence the decisions of rivals. c. There are few barriers to entry. d. Firms choose price and output independently from the decisions made by competitors.
Economics