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Which Is a General Term for Rules That Restrict the Range

question 12

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Which is a general term for rules that restrict the range of outcomes from collective action?


Definitions:

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, used historically by many countries but largely abandoned today.

Franc

A currency that was historically used in several countries, including France and Switzerland, some of which still maintain the franc in various forms.

Define

To specify or clarify the meaning of a word, phrase, or concept.

Redeem Dollars

The act of exchanging dollars for their equivalent value in goods, services, or other currencies, particularly in the context of international trade or finance.

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