Under a gold standard,a trade deficit in Europe and a trade surplus in Canada,ignoring trade with other countries,could result in

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Under a gold standard, countries with trade deficits see gold flow out of the country to settle international balances, while countries with trade surpluses see gold flow into the country. Therefore, a trade deficit in Europe and a trade surplus in Canada would result in gold flows from Europe to Canada.

Under a Gold Standard,a Trade Deficit in Europe and a Trade