Under the Bretton Woods system, participating countries
A) pegged their currencies to the U.S. dollar.
B) maintained a fixed exchange rate with gold.
C) allowed their currencies to float freely.
D) pegged their values to the British pound.
A
Economics
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If there is a change in the U.S. endowment of factors of production, then there would be
A) shifts in just SRAS. B) a movement along the SRAS curve. C) a shift in both LRAS and SRAS. D) a shift in just LRAS.
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If more firms enter the telecommunications industry, we can expect the equilibrium price of telecom services to decrease and the equilibrium number of services to increase
a. True b. False Indicate whether the statement is true or false
Economics