What Action Did President Nixon Take to Enable Devaluation of the Dollar

question 82

Multiple Choice

What action did President Nixon take to enable devaluation of the dollar during the increase in U.S. inflation in 1971?

• A) The IMF member countries would adopt the gold standard to fix exchange rates.
• B) The United States would no longer support the World Bank.
• C) A new 15 percent tax would be charged on U.S. exports.
• D) The dollar would no longer be convertible into gold.
• E) German deutsche marks would be the new reference currency.

Identify and describe expectancy effects and self-fulfilling prophecies.

Comprehend the role of convergent validation in personality judgment.

Understand how judgments affect individuals' perceptions and behaviors.

Grasp the importance and application of predictive validity in personality judgments.

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Definitions:

Drug Legalization

The process of removing legal prohibitions against drugs, potentially subjecting them to regulation and taxation similar to alcohol and tobacco.

Drug Control

A set of policies aiming to regulate the manufacture, distribution, sale, and use of drugs within a society to prevent substance abuse and illicit trafficking.

Arresting Drug Traders

The act of law enforcement apprehending individuals involved in the illegal drug trade.

Geographical Distribution

The physical or spatial location and dispersion of people, resources, or phenomena across Earth.