Which of the Following Statements Is True of a Country

question 27

Multiple Choice

Which of the following statements is true of a country that has a gold standard exchange Jrate system?

• A) A country running a surplus in its balance of payment would experience an inflow of gold which would force it to increase the price of gold.
• B) A country running a surplus in its balance of payment would experience an inflow of gold which would force it to decrease the price of gold.
• C) A country running a surplus in its balance of payment would experience an inflow of gold which would force it to reduce its money supply.
• D) A country running a surplus in its balance of payment would experience an inflow of gold which would force it to increase its money supply.

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Definitions:

Representational Systems

Refers to the sensory modalities (visual, auditory, kinesthetic, olfactory, gustatory) used by individuals to process information and experiences.

Value Judgments

Decisions or assessments that reflect personal or societal opinions on what is important or morally right.

Unconscious

The part of the mind that contains thoughts, memories, and desires that are not within one's current awareness or conscious control.

Self-Reinforcement

The process of rewarding oneself for a desirable action or behavior to increase the likelihood of it happening again.