Answer: d. All of the above
Explanation:
Under a gold standard, if Britain exports more to France than France exports to Great Britain, such international imbalances of payment will be corrected automatically, this type of imbalance will not be able to persist indefinitely, net export from Britain will be accompanied by a net flow of gold in the opposite direction.
Answer: e. c and d
Explanation:
Smith engaging in riskier actions or investments will mean that Smith has a higher probability of earning either a higher or lower income.
When investing in a risky investment, there will be a higher return attached to it. This is why Corporate bonds yield more than Treasury bonds. The higher risk is to compensate the investor (in this case Smith) for engaging in riskier behavior. If the investment is successful, the return will be paid meaning Smith gets a higher income than Jones who did not take the risk.
When investing in a risky investment, one must still remember that there is a reason the investment is considered risky. There is a higher chance that it will not pay out. Therefore, should Smith engage in more risk and it does not work out, Smith will earn a lower income than Jones who did not invest in the risky investment.
I would prefer to own a business in the German economy because there social market is way more highly developed than the British economy. The British had a small poor economy. I think Germany is the best answer because you would have money. Unlike the British you would most likely be poor with very little food.
I'm not sure if this is right but they were the first with iron weapons
What math is this? algebra 1? algebra 2? chapter?
