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Question
Certovia and Norkland are two neighboring countries that actively trade goods and services with each other. Under the gold standard, there will be a net flow of gold from Norkland to Certovia when:A.Certovia is in trade deficit with Norkland.
B.Norkland is in balance-of-trade equilibrium with Certovia.
C.Certovia is in trade surplus with Norkland.
D.Certovia imports more than it exports to Norkland.
E.Norkland's balance of payment to Certovia is favorable.
Answer
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