Under a Gold Standard, a Balance of Payments Deficit Automatically

question 194

Multiple Choice

Under a gold standard, a balance of payments deficit automatically

• A)raised interest rates.
• B)decreased exports.
• C)increased domestic prices.
• D)increased imports.

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Definitions:

Competitive Advantage

A situation or factor that gives a business a competitive edge or advantageous standing in its industry.

Lost Productivity

The reduction in work output or efficiency, often due to various hindrances or inefficiencies.

Organizational Competitiveness

The ability of an organization to develop and maintain an edge over its competitors through strategies that attract and retain customers, improve quality, and enhance innovation.

Productivity

The efficiency with which inputs are converted into outputs, often measured in terms of work output per unit of time.