Exhibit 2-2 -Refer to the Exhibit

question 70

Multiple Choice

Exhibit 2-2
$\begin{array}{lrr} & \text { Boat captain } & \text { Crew member } \\\hline \text { Fishhooks per day } & 30 & 60 \\\text { Fishing poles per day } & 2 & 10\end{array}$
-Refer to the exhibit.What should the crew member make?  

• A) fishhooks, because he can make 30 more per day than the captain 
• B) both fishhooks and fishing poles, because he is better at making both 
• C) fishing poles, because that is where his comparative advantage lies 
• D) neither fish hooks nor fishing poles, because the captain is better at making both

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Definitions:

International Financial System

The global network of government institutions, financial markets, currencies, and regulations that support international trade and investment.

Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold.

Fixed Rate

An interest rate that remains constant over the duration of a loan or investment, as opposed to a variable or floating rate.

Money Supply

The entire pool of financial assets existing in an economy at a specific timeframe.