Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
Pearson eText International Business: The Challenges of Globalization -- Instant Access (Pearson+)
9th Edition
ISBN: 9780136879879
Author: John Wild, Kenneth Wild
Publisher: PEARSON+
Question
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Chapter 10, Problem 1TAI1
Summary Introduction

To Determine:

If a new gold standard could be successful today

Introduction:

The financial ups and down in recent years gives an idea to bring back the gold standard. The arguments favoring the change say that the gold standard can reduce the exchange-rate risks, impose strict monetary policies on nations and can help in finding correct trade balances.

Expert Solution & Answer
Check Mark

Answer to Problem 1TAI1

Solution:

A new gold standard would not be successful today because it will slow the pace of economic growth.

Explanation of Solution

Given information:

The discussion is focused on an idea to bring back the gold standard.

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