Solved

Triffin Paradox Refers To

Question 30

Multiple Choice

Triffin Paradox refers to:


A) the situation where the imposition of a tariff on imports may reduce the relative internal price of that good.
B) the situation where technological progress that increases the efficiency with which a resource is used tends to increase the rate of consumption of that resource.
C) the situation where the United States, the most capital-abundant country in the world, exported labor-intensive commodities and imported capital-intensive commodities.
D) the situation where the more dollars foreign countries held, the less faith they had in the ability of the U.S.government to convert those dollars.
E) a situation during recession wherein when everyone tries to save more money, and it leads to a fall in the aggregate demand which in turn lowers total savings in the population.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents