No currency ever appreciated or depreciated under the Bretton Woods system as it was based on a system of fixed exchange rates
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If the price of corn increases by 20 percent and the quantity supplied of corn increases by 30 percent, then supply is
A) elastic and the elasticity of supply equals 1.5. B) inelastic and the elasticity of supply equals 1.5. C) elastic and the elasticity of supply equals 0.66. D) inelastic and the elasticity of supply equals 0.66. E) either elastic or inelastic, but more information about the elasticity of demand is needed to determine which.
Economics
What is GATT and what happened to tariff rates as a result of GATT?
What will be an ideal response?
Economics