What major world event precipitated the abandonment of the g

What major world event precipitated the abandonment of the gold standard? 1) World War I 2) Law of Inverse Price and Performance 3) World War I 4) The Civil War in the U.S. Save Question 6 (2 points) The Economist Magazine uses what example to illustrate its own Purchasing Power Parity theorem? 1) The Market Basket of Goods Index 2) The Big Mac Index 3) The Price of Milk Index 4) The Loaf of Bread Index

Solution

Q6. The Big-Mac Index is used by the Economist magazine for its own purchasing power parity index. So 2) is correct.

Q5. The gold standard was abandoned at the outbreak of world war 1. So 3) is correct.