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Answer the following questions about the gold standard:
1) Describe what is meant by the Gold Standard.
2) What were the problems with the gold standard?
3) Is the dollar backed by gold today?
4) Find a descriptive article which deals with a current exchange rate issue.
Briefly summarize the article. Include the article with the summary. [current in this case means 2013).
The production possibilities curve represents the set of all and the opportunity cost of a glove in Panama - an airplane manufacturing consortium in Europe, which receives large subsidies from several European countries.
a pollutoin control agency is considering the following rgulatory policies: (i) taxing the use of one input that increases pollution. (other inputs affect pollution too, both increasing and decreasing it) (ii) taxing the final goods that firms pro..
there are 2 brands of cell phones that are almost identical except for some minor features the a-phone and the
What are the basic concepts that are key components of Gary Becker's "Theory of the Allocation of Time". That is, in words, what are the key elements of this approach In addition, what are the theoretical implications of this approach
Given the accelerationist Phillips curve = - 0.3 (U - 6) + , suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is ________.If expectations about inflat..
It is argued that the prices of inputs to firms' production processes are fixed in the short run. One example of why this might be true is that some large firms enter into futures contracts forlarge deliveries of raw materials like wheat or lumber..
Several years ago, American Economic Review published a paper in which the author claimed giving gifts at Christmas was "inefficient." Instead of giving gifts, which the receiver might not want, it would be better to give money so that the recipie..
Then the materials cost for each structure was $25,000 and the cost capacity factor is 0.65. Cost index values for 1999 and 2011 are 200 and 289 respectively. The estimated manufacturing cost for the first 1,000 square foot structure is $12,000. U..
Suppose there is a temporary increase in Yw, world income, which increase the demand for domestic goods on the world market. On the graph of Output, Money and Foreign exchange markets show the short-run effect of Yw increase.
compose an argument for or against the idea that the peasantry constitutes a uniform social category. How would a homogenous approach, a heterogeneous approach, or a differentiation approach that considers political economy support your argument
Assume the military bureaucracy consistently misinforms Congress on total costs of producing military hardware. Suppose that it underestimates the actual costs and that the political representatives believe these estimates.
The earnings of engineers, doctors, and lawyers are high because lots of education is necessary to practice in these fields
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