By the Early 1970s, Gold Had Been Phased Out of the International

question 102

True/False

By the early 1970s, gold had been phased out of the international monetary system.

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Definitions:

Political Risks

The potential for losses or uncertainties in business operations due to political decisions, conditions, or changes in a country.

Higher Productivity

An increase in the efficiency of production, often through better utilization of resources, leading to greater output for the same amount of input.

Maquiladoras

Factories in Mexico, typically owned by foreign companies, that import raw materials and produce goods for export, benefiting from lower labor costs.

Manufacturing Plants

Facilities where raw materials are transformed into finished goods through various processes and machinery.