During the 1930s,
a. ordinary citizens were not allowed to hold gold.
b. the US government fixed the price at which the Treasury would by and sell gold.
c. production of gold soared.
d. All of the above are correct.
e. Only a and b are correct.
d. All of the above are correct.
Economics
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When deciding on output levels, members of a cartel
A) set their output where MR = MC. B) produce the same level of output as if they were in a competitive market. C) take into account the impact of changes on members' profits. D) act as if they were monopolies.
Economics
Briefly explain why government subsidies are a reason for the declining student performance in public education
What will be an ideal response?
Economics