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

question 119

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 can be categorized as a commodity money standard?

• A)The pegged exchange rate standard
• B)The free float standard
• C)The managed float standard
• D)The reserve currency standard
• E)The gold standard

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, often leading to the interconnectedness of world economies and cultures.

Corporations

Legal entities that are distinct from their owners, providing them with limited liability, and are created to conduct business.

Oligopoly

A market structure in which a few firms dominate the industry, leading to limited competition and potentially higher prices for consumers.

Deskilling Thesis

The argument that technological advancements lead to a reduction in the skill levels required for certain jobs.