In the Late Nineteenth Century,which Effect of a Change in the Gold

question 37

Multiple Choice

In the late nineteenth century,which effect of a change in the gold standard would have been desired by the Populists?

• A)A change to using the gold standard would have reduced currency instability and encouraged more international trade.
• B)A change to using a silver standard would have allowed an appreciation of the dollar,thus helping exporters.
• C)A change to using a silver standard would have allowed a devaluation of the dollar,thus helping exporters.
• D)A change to using a silver standard would have increased imports and made manufacturing cheaper.
• E)Going off the gold standard to a freely floating exchange rate would have allowed the government to deal more effectively with farm crises.

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Definitions:

Financial Break-even

The juncture where the total expenses match the total income, resulting in no gain or loss.

Sales Level

The quantity or volume of products or services sold or targeted to be sold within a specific period.

Zero NPV

A situation where the net present value (NPV) of an investment is zero, indicating that the investment is expected to break even and not generate any net profit or loss over time.

Operating Leverage

A measure of how sensitive a company's operating income is to changes in its sales volume, indicating the impact of fixed costs on earnings.