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Professor Root was studying the arrest rates for drunken driving in urban and rural areas of Ohio.It was found that the arrest rate was higher in the rural areas.Professor Root concluded that people who live in rural areas are more likely to drive while intoxicated than are people who live in urban areas.Root's conclusion
Current Account Deficits
A situation where a country spends more on foreign trade than it is earning and borrows capital from foreign sources to make up the difference.
International Gold Standard
A monetary system where the value of a country's currency or paper money was directly linked to gold.
Dollar Value
This refers to the worth or purchasing power of the U.S. dollar, often used in comparison to other currencies.
Assets
Resources owned or controlled by a person or entity that are expected to produce value or economic benefit in the future.
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