One of the Consequences of the U

question 75

Multiple Choice

One of the consequences of the U.S. trade deficit is that

• A)domestic inflation has resulted.
• B)the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.
• C)the distribution of income in the United States has become less unequal.
• D)the system of flexible exchange rates has been abandoned in favor of a new gold standard.

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Definitions:

Power Differentials

The differences in power between individuals, groups, or institutions, often contributing to variations in their ability to influence outcomes.

Equal Rewards

The principle that individuals who contribute similarly to a task or society should receive similar compensations, recognitions, or resources.

Associations

Organized groups of people who come together to pursue common interests, goals, or activities.

Network Exchange Theory

A theoretical perspective focusing on social structures and the exchange of resources between actors within these structures.