The collapse of the Bretton Woods system of fixed exchange rates during the 1970s prompted the EC to establish its own system. It was called the:

A) Marshall Plan.
B) European Currency Union (ECU).
C) European Monetary System (EMS).
D) lend-lease plan.

Ans: C) European Monetary System (EMS).

Economics

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If the price of X falls, the budget constraint

a. shifts outward in a parallel fashion. b. shifts inward in a parallel fashion. c. rotates outward about the X-intercept. d. rotates outward about the Y-intercept.

Economics

One possible reason that the country of Whatsis is trapped in poverty is

a. a lack of mineral wealth b. an honest and functional government c. laws and regulations to help detect fiscal fraud d. a free press e. a civil war

Economics