A Problem with the Operation of the Gold Standard in the World

question 126

Multiple Choice

A problem with the operation of the gold standard in the world economy was that

• A) it involved too much government intervention in the economy.
• B) the world economy was subject to too much inflation.
• C) a country did not have control of its domestic monetary policy.
• D) it caused the Great Depression.

---

Definitions:

Incentives To Work

Factors or motivations that encourage individuals to participate in the workforce, including wages, benefits, and working conditions.

Business Cycle

Recurring increases and decreases in the level of economic activity over periods of years; consists of peak, recession, trough, and expansion phases.

Gender Discrimination

Inequitable treatment or barriers faced by people based on their gender.

Real Domestic Output

The value of all goods and services produced within a country's borders in a given time period, adjusted for inflation.