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

question 66

Multiple Choice

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

-Which of the following had resulted from the Smithsonian agreement of 1971?

• A)Devaluation of the U.S. dollar
• B)Dissolution of a fixed exchange rate regime
• C)Appreciation of the U.S. dollar
• D)Establishment of an equilibrium exchange rate
• E)Laissez-faire in the foreign exchange market

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Definitions:

Dreaming

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

SCN

The Suprachiasmatic Nucleus, a tiny region in the brain's hypothalamus responsible for controlling circadian rhythms.

Time Zones

Geographic regions defined by the difference in hours from Coordinated Universal Time (UTC).

Marijuana

A psychoactive drug from the Cannabis plant used for medical or recreational purposes.