Triffin Paradox Refers To

question 47

Multiple Choice

Triffin Paradox refers to:

• A)the situation where the imposition of a tariff on imports may reduce the relative internal price of that good.
• B)the situation where technological progress that increases the efficiency with which a resource is used tends to increase the rate of consumption of that resource.
• C)the situation where the United States, the most capital-abundant country in the world, exported labor-intensive commodities and imported capital-intensive commodities.
• D)the situation where the more dollars foreign countries held, the less faith they had in the ability of the U.S.government to convert those dollars.
• E)a situation during recession wherein when everyone tries to save more money, and it leads to a fall in the aggregate demand which in turn lowers total savings in the population.

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Definitions:

Reaction Rate

The rate at which substances change into different substances in a chemical process.

Resonance Structures

Different Lewis structures that represent the same molecule, showing the delocalization of electrons.

Intermediate

An intermediate in chemistry is a transient species within a chemical reaction that is formed from the reactants and proceeds to form the final product.

Hybrid

Pertaining to the combination of two or more different breeds, types, or varieties, especially in reference to plants or animals.