Under a Gold Standard, If a Country's Exports Exceeded Its

question 106

Multiple Choice

Under a gold standard, if a country's exports exceeded its imports

• A) its gold stocks were reduced.
• B) prices and wages in the country fell.
• C) its expenditures increased, but its output fell.
• D) gold flowed into the country.

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Definitions:

Disjunctive Proposition

A logical statement that presents two or more alternatives, where the truth of any one alternative makes the proposition true.

Categorical Proposition

A proclamation that either affirms or contradicts something concerning all elements of a particular class.

Hypothetical Proposition

A compound proposition that uses the connective “if . . . then.”

Disjunctive Proposition

A statement in logic that presents two or more alternatives, where the truth of at least one alternative makes the proposition true.