If the US Were to Revert to a Gold Standard, Trade Deficits

question 67

Multiple Choice

If the U.S. were to revert to a gold standard, trade deficits would:

• A) result in gold reserves in the U.S. decreasing.
• B) result in lower domestic interest rates.
• C) quickly disappear.
• D) result in high inflation.

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Definitions:

Leadership Roles

The specific responsibilities and expectations associated with individuals in positions of influence within an organization.

Collective Efficacy

The shared belief in the capability of a group to achieve its goals and successfully execute tasks together.

Political Skill

The ability to effectively understand others at work, and to use such knowledge to influence others to act in ways that enhance one’s personal and/or organizational objectives.

Developing Coalitions

The process of forming alliances or partnerships among individuals or groups to achieve shared goals or tackle common challenges.