Regime Structures Like the Gold Standard Required No Cooperative Policies

question 3

True/False

Regime structures like the gold standard required no cooperative policies among countries, only the assurance that all would abide by the "rules of the game."

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Definitions:

Not Rival

A characteristic of a good where its consumption by one individual does not reduce availability or quality for others.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it, typically through the mechanism of property rights.

Rival in Consumption

A characteristic of a good whereby consumption by one individual prevents simultaneous consumption by another individual.

Rival in Consumption

A characteristic of goods whereby the consumption by one individual reduces the availability of the good for consumption by another individual.