Question #1 pg. 330)
The gold standard collapse because of its disapproval of the nation’s economic expansion. When the timing occurred for the government to spend more than already limited limits of gold supply, the government would then print more money in order to cover the excessive spending. The problem would then transpire when a crisis occurred and the governemtn couldn’t maintain consitstent rate which would case faulire in the system . No, the problem occure when the nation sets a goals to expand and there is only a limited amount of gold and silver. A problem could arise if there becomes an inconsistency with no stabilization.
(Question #2 pg 363)
The theory of comparative advantage suggests that activities should take place in the
The gold standard collapse because of its disapproval of the nation’s economic expansion. When the timing occurred for the government to spend more than already limited limits of gold supply, the government would then print more money in order to cover the excessive spending. The problem would then transpire when a crisis occurred and the governemtn couldn’t maintain consitstent rate which would case faulire in the system . No, the problem occure when the nation sets a goals to expand and there is only a limited amount of gold and silver. A problem could arise if there becomes an inconsistency with no stabilization.
(Question #2 pg 363)
The theory of comparative advantage suggests that activities should take place in the