Which of the Following Statements About the Gold Standard Is

question 49

Multiple Choice

Which of the following statements about the gold standard is true?

• A) All economies follow it.
• B) It permits countries to print as much paper money as they want.
• C) The United States follows it.
• D) In 1971, the United States dropped the gold standard.

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Definitions:

Robert Bellah

An American sociologist known for his work on the role of religion in modern society, particularly through the concept of civil religion.

Leisure

Free time when an individual is not working or fulfilling obligations and can choose activities for relaxation, enjoyment, or other personal interests.

Communitarianism

A philosophical and social ideology that emphasizes the importance of community in the functioning of political life, over the interests of the individual.

Group Values

The shared beliefs, norms, and standards that guide the behavior and decision-making process within a group.