When an organization sets up a self-contained unit, the risk management teams at the divisional levels become redundant

Refer to Figure 9-3. 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

Under the gold standard, when a nation had a deficit in its balance of payments,

A) interest rates would rise which would reduce foreign investment. B) interest rates would fall which would increase foreign investment. C) gold would flow to foreign residents and the domestic money supply would decrease. D) gold would flow into the country leading to an increase in the domestic money supply.