Each of the following is a requirement of a gold standard except
A. a nation defines its currency in terms of gold.
B. a nation's money supply is made up of gold or gold certificates.
C. a nation must maintain a fixed ratio between its gold stock and its money supply.
D. there must be no barriers to the free flow of gold into and out of the country.
B. a nation's money supply is made up of gold or gold certificates.
Economics
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Which of the following sets of outcomes is mutually exclusive?
A) win, lose, tie B) employed full-time, employed part-time, unemployed C) married, single, widowed D) All of the above.
Economics
Sometimes what we think is a collective consumption good only has those characteristics because of _____
a. high fixed costs. b. private production c. economies of scale d. government production
Economics