Which of the Following Is an Advantage of Using the Gold

question 82

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 nations to maintain its currency's value.
• C) The standard effectively prevents the devaluation of currencies across the world.
• D) It contains a powerful mechanism for achieving balance-of-trade equilibrium by all countries.

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Definitions:

Conditioned Stimulus

Conditioned stimulus is a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

Neutral Stimulus

An initially inactive stimulus that, through association, acquires the capacity to evoke a conditioned response.

Higher Order Conditioning

A process in behavioral psychology where a conditioned stimulus is paired with a new neutral stimulus, creating a second-level conditioned response.

Conditioned Stimulus

A previously neutral stimulus that, after being paired with an unconditioned stimulus, elicits a conditioned response.