Under the Gold Standard (1880-1913) gold would flow into the U.S. when
(a) U.S. exports exceeded its imports.
(b) U.S. imports exceeded its exports.
(c) domestic demand grew faster than domestic supply.
(d) domestic supply grew faster than domestic demand.
(a)
Economics
You might also like to view...
All of the following are benefits of securitization EXCEPT
A) risk sharing. B) reduced interest rates that borrowers pay on loans. C) increased liquidity. D) fewer adverse selection problems.
Economics
In the above figure, at output levels between 5 units and 13 units
A) the firm's accounting profits are negative. B) total revenue equals total costs. C) the firm's economic profits are positive. D) the firm is breaking even.
Economics