One Effect of the International Gold Standard Was That It

question 233

True/False

One effect of the international gold standard was that it tended to transmit economic problems across national borders.

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Definitions:

Opportunity Cost

The economic impact of rejecting the following preferable option when deciding.

Positive Statements

Claims that attempt to describe the world as it is.

Normative Statements

Claims that attempt to prescribe how the world should be.

Normative Statements

Claims that express judgments about what ought to be, incorporating opinions and values rather than factual assertions.