Which of the Following Was an Announcement Made by U

question 31

Multiple Choice

Which of the following was an announcement made by U.S.President Nixon to enable the devaluation of the dollar during the increase in inflation in 1971 in the United States?

• A)The IMF member countries would adopt the gold standard to fix exchange rates.
• B)The United States would no longer support the World Bank.
• C)A new 15 percent tax would be charged on U.S.exports.
• D)The dollar would no longer be convertible into gold.
• E)German deutsche marks would be the new reference currency.

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Definitions:

Employer's Willingness

An indication of how open or receptive an employer is to engaging in practices such as negotiations, improvements, or concessions in the workplace.

Closed Shop Arrangements

Employment practices where only members of a labor union can be hired and remain employed.

Open Shop Movement

A movement advocating for workplaces where union membership is not required as a condition of employment, promoting voluntary association.

Employee Rights

The legal entitlements concerning the workplace that employees are guaranteed by law, including the right to fair wages, safe working conditions, and freedom from discrimination and harassment.