In the current international monetary system, what is the role for gold?
a. The system is a gold-exchange standard, based on a fixed value for a key currency.
b. Gold backs each currency, and therefore, the system as a whole.
c. It serves as the principal reserve asset.
d. It has no role.
d
Economics
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________ shows that if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good
A) The mixed market system B) Comparative advantage C) The production possibilities frontier model D) Absolute advantage
Economics
Special-interest programs are highly attractive to vote-seeking politicians because
What will be an ideal response?
Economics