The gold standard fixes the:
a. future price of gold in terms of silver.
b. price of gold in terms of international currencies.
c. future price of silver in terms of gold.
d. money supply in terms of paper currency.
e. past exchange rate and the future exchange rate.
b
Economics
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Collusion always involves firms engaging in a
A) vertical merger. B) horizontal merger. C) cooperative game. D) noncooperative game.
Economics
The following table provides information about production at the XYZ-TV Company. Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000 How many workers will XYZ-TV Company hire if the going wage for TV production workers is $34,000?
A. 0 B. 1 C. 3 D. 2
Economics