Write a respond to your thoughts ideas and comments

Assignment Help Microeconomics
Reference no: EM131712121 , Length: 400 Words

Assignment

Write 400-600 words that respond to the following questions with your thoughts, ideas, and comments.

This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

In 1944, finance specialists and bankers from around the world met to discuss what the post-WWII monetary system would be.

Given the instability of the pre-war period, the goal was to create a new system.

The outcome of this was the Bretton Woods system, which had the U.S. dollar as the world reserve currency linked to gold at $35 an ounce. All other currencies were tied to the dollar with limits on how much they could appreciate or depreciate.

The system lasted until the 1970s, when the United States decided to move away from gold convertibility. The modern system is based on supply and demand for currency and a managed float.

Discuss the following in your main post:

•The U.S. dollar remains the world's reserve currency. Is this good for the United States, and if so, why?

•People usually think a "strong" dollar is good. Is this true for U.S. businesses, and does it help or hurt the U.S. balance of payments?

Reference no: EM131712121

Questions Cloud

How economists are both scientists and policymakers : How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
Physiological implications of a gastric band : Question 1: What are the physiological implications of a gastric band, gastric sleeve, and gastrointestinal bypass?
Discuss walk is related to their cholesterol levels : A health researcher is interested in determining whether or not the speed at which people walk is related to their cholesterol levels
Categories based on the climate and vegetation : Terrestrial biomes are broken into 10 categories based on the climate and vegetation, and include the Tropical Rainforest, Tropical Deciduous Forest
Write a respond to your thoughts ideas and comments : Write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. Given the instability of the pre-war period.
Show amount of oil produced from an acre of land : Oil production. The histogram shows amount of oil produced (in gallons) from an acre of land in the United States from 36 different crops.
Discuss financial return and community involvement : Ethics, Governance, Transparency, Business relationships, Financial return, Community involvement
Make a checklist of items in a clinic room : Make a checklist of items in a clinic room that require disinfecting after every patient. For each item identify the personal protection required
Examine the adjusted trial balance : Examine the adjusted trial balance. Then examine the shell financial statements that follow. Select the boxed areas within the shell financial statements

Reviews

Write a Review

Microeconomics Questions & Answers

  Determining price of beans

Assume the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units. In this example, the demand for beans is said to be ______

  Could same mechanisms be transferred to sales and marketing

Standardization within global operations had shown remarkable results. Could the same mechanisms be transferred to sales, marketing, and R&D without compromising creativity?

  Is their way of conducting business ethical

Explain why it is a problem for Foxconn, as a global manufacturing supplier, relative to their corporate social responsibility to not properly address human rights violations in their manufacturing plants. Further, how would this affect their partner..

  Determine the present value of these future savings

A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present value of ..

  Would you suggest a bigger swing either way

If we were to evaluate the "best-case scenario" from anefficiency standpoint of public-private partnerships, what would bea reasonable breakdown between private sector vs. public sectorspending for an increment of $1.

  Draw a hypothetical demand and supply diagram

Draw a hypothetical Demand and Supply diagram of the housing market in equilibrium. Explain what you understand by the term "market in equilibrium".

  What is the short-run profit-maximizing policy

What is the short-run profit-maximizing policy of a monopolistically competitive firm and how is the long-run equilibrium of monopolistic competition like that of perfect competition? also give example.

  Demonstrate your research skills to your instructor

A Short Paper Assignment allows you, early in the course, to demonstrate your research skills to your instructor and to receive feedback that will benefit you when you write your research paper.

  Find the hospitals total profit or losses based on above

you are employed by a hospital that has succeeded through innovation in dividing its markets into three segments each

  New city is considering building a recreation center

New City is considering building a recreation center. The estimated construction cost is $12 million with annual staffing and maintenance costs of $750,000 over the twenty year life of the project. At the end of the life of the project, New City expe..

  Prevent them in the initial team building session

How can a better understanding of the cultural backgrounds and norms of team members help a team leader anticipate problems and prevent them in the initial team building session?

  What is the elasticity of compensated demand

Py =4 and Uo is the maximal level utility when Px =5, Py =4 and I =100. find the the compensated demand curve (or of Hicks) and draw it on the same graph. for what value of Px the two curves will cut? what is the elasticity of compensated demand w..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd