1. One potential drawback of the gold standard is that:

2. Comparative advantage (Points : 10)

3. Gresham’s Law states that (Points : 10)

4. The theory of comparative advantage (Points : 10)

6. The bid price is the price at which a dealer is willing to buy an investment security, currency, etc.

7. Which of the following options combinations are internally consistent (i.e., both positions would be profitable or unprofitable at the same time) ? (Points : 10)

8. How are international finance and domestic finance different?

9. The euro zone is similar to the United States in terms of population, even though the gross domestic product (GDP) is less. (Points : 10)

10. The G-7 is composed of (Points : 10)

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