« previous next »

Author Question: Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible. ... (Read 65 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
Explain why under the gold standard a perpetual surplus or a perpetual deficit is impossible.
 
  What will be an ideal response?

Question 2

Most tariffs around the world are collected on an ad valorem basis.
 
  Indicate whether the statement is true or false


joewallace

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

Since specie inflows drive up domestic prices and restore equilibrium in the balance of payments, any surplus eventually eliminates itself. A shortage of currency leads to low domestic prices and a foreign payments surplus, and any deficit eventually eliminates itself.

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Standard Laboratory Lipid Profiles Standard Laboratory Lipid Profiles
a) Standard PCR machine used for genotyping and (b) agarose gel to detect DNA fragments. a) Standard PCR machine used for genotyping and (b) agarose gel to detect DNA fragments.
Standard reduction potentials of the major respiratory electron carriers Standard reduction potentials of the major respiratory electron carriers
The Standard Rain Gauge The Standard Rain Gauge
Explain the assumptions that must be satisfied in order to validly use the one-way ANOVA ... Explain the assumptions that must be satisfied in order to validly use the one-way ANOVA ...
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library