CHAPTER 47. THE STANDARD OF DEFERRED PAYMENTS

1. If every piece of money should miraculously be doubled in a night,

whose interests would be affected?

2. Is the fact of one man's gain and another man's loss by chance of any

economic or political importance?

3. What gives rise to the belief sometimes held that money is an

invariable standard of value?

4. Is there anything in the nature of mining that keeps the ratio of the

supply of gold and silver nearly uniform?

5. Is the value of gold and silver due to the action of government?

6. Does the principle of the substitution of goods have any bearing on

the value of metals under bimetallism?

7. Note carefully, and indicate the different meanings of bimetallism;

of demonetization.

8. What is the extent of the influence one nation can have on the ratio

of the two precious metals?

9. If money wages are higher and general prices are lower, how is the

laborer affected? Is this due to the appreciation of money?

10. Can you get a kind of money that will make the things that are sold,

dearer, and the things that are bought, cheaper?

11. What are the main reasons given for the ratio of 16 to 1?

The Principles of Economics, with Applications to Practical Problems · 第 47 / 57 章