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

question 72

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.

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Definitions:

Variance Measured

The process of determining the difference between expected and actual performance, costs, or revenues for the purpose of financial analysis and control.

Variable Overhead

Overhead costs that fluctuate with the level of production output, such as utilities for machinery or costs for raw materials.

Direct Labour Hour

A measure of the amount of time a worker spends on direct production activities.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels within a business.