Which of the Following Is an Advantage of Using the Gold

question 99

Multiple Choice

Which of the following is an advantage of using the gold standard?

• A) The standard makes sure that goods are not priced out from markets due to inflation.
• B) The standard does not require a commitment from a nation to maintain its currency's value.
• C) The standard effectively prevents the devaluation of currencies across the world.
• D) The standard contains a powerful mechanism for achieving balance-of-trade equilibrium by all countries.

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Definitions:

Global Warming

The long-term rise in Earth's average surface temperature, primarily due to human activities releasing greenhouse gases, resulting in climate change and associated environmental impacts.

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Diseases that thrive in hot, humid conditions, typically found in tropical regions, and often have significant health impacts on local populations.

Coral Reefs

Marine structures composed of the accumulated skeletons of coral organisms, which are significant for biodiversity and marine life support.

Polar Bears

Large carnivorous bears found primarily in the Arctic Circle, known for their white fur which helps them blend into their snowy environment.