Answer:
A. Conflict theory
Explanation:
Conflict theory: In sociology, the term conflict theory was proposed by Karl Marx, who believed that the society is considered to be in a state of perpetual conflict due to the competition related to limited resources.
According to conflict theory, social order is being maintained by power and domination instead of conformity and consensus.
The conflict theory represents social life as a competition and aims at the distribution of power, inequality, and resources.
In the question above, the statement signifies the use of the conflict theory.
At one point, the value of the United States dollar was set according to the gold standard. One of these examples is the fixed exchange rate. The gold exchange standard guarantees the fixed exchange rate to the currency of another country that uses the gold standard.
The answer would be letter A.
An increase in savings leads to an increase in long-term income if the savings is earning interest, but takes away from immediate spending ability in the short-run.
