What happened to the international gold standard during WWI?
A) It flourished, since no nation trusted the other nations' currencies.
B) It was abandoned.
C) It did not disappear but was weakened by a major decline in international trade.
D) It was relegated to government control.
Ans: C) It did not disappear but was weakened by a major decline in international trade.
You might also like to view...
The stock market boom during the 1990s
A) boosted consumption relative to income. B) depressed the percentage of disposable income saved by households. C) may explain the behavior of household savings during that decade. D) All of the above.
Which of the following would be considered an implicit cost?
a. Health insurance of employees paid for by the firm b. The water bill of the firm c. The salaries paid to the managers of the firm d. Foregone rent on assets owned by the firm