The Figure Below Shows the Demand (D) and Supply (S)

question 25

Multiple Choice

The figure below shows the demand (D) and supply (S) curves of cocoa in the U.S.Figure 21.4

-A commodity money standard exists when exchange rates are:

• A)artificially pegged to the price of oil.
• B)fixed in terms of gold, thus creating flexible exchange rates between countries.
• C)fixed in terms of gold, thus creating fixed exchange rates between countries.
• D)allowed to fluctuate based on the values of different currencies.
• E)fixed, based on the values of different currencies, in terms of some commodity.

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Definitions:

PCBs (Polychlorinated Biphenyls)

A group of man-made organic chemicals consisting of carbon, hydrogen, and chlorine atoms, used in various industrial applications, now banned in many countries due to their environmental persistence and health hazards.

Indigenous Population

Ethnic groups who are the original inhabitants of a region, prior to colonization or the establishment of national boundaries.

Hazardous Waste Disposal

The process of handling and disposing of waste materials that pose a significant risk to human health or the environment, according to regulated methods designed to minimize harm.

Developing Countries

Nations characterized by a lower living standard, underdeveloped industrial base, and low Human Development Index relative to other countries.