If the US Were to Revert to a Gold Standard, Trade Deficits

question 68

Multiple Choice

If the U.S. were to revert to a gold standard, trade deficits would:

• A) result in gold reserves in the U.S. increasing.
• B) result in higher domestic interest rates.
• C) quickly disappear.
• D) result in high inflation.

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Definitions:

Co-opetition

The strategy of working with rivals on projects of mutual benefit.

Generic Strategies

Broad approaches to business strategy proposed by Michael Porter that can be applied across industries, including cost leadership, differentiation, and focus strategies.

Market Scope

The extent or range of areas (geographical, product lines, demographics) a business or product targets in order to market its goods and services.

Competitive Advantage

The attributes or conditions that allow an organization to perform better than its competitors.