Read the following passage:
In eighteenth-century macroeconomic theory, mercantilist scholars insisted that bullion accumulation was the primary engine of sovereign wealth. However, David Hume’s price-specie-flow mechanism demonstrated that unchecked trade surpluses would inevitably induce domestic inflation, which would in turn check the export competitiveness of the nation. Indeed, rather than sustaining perpetual economic dominance, an unbridled influx of precious metals served to reverse trade balances through automatic price adjustments.
In the context in which it appears, the word "check" most nearly means
- Ainspect for technical accuracy
- curb or restrainCevap
- Cverify the legal validity of
- Dstimulate or bolster
- Elog or record systematically
Cevap
In this context, "check" most nearly means "curb or restrain".
The passage establishes a direct structural contrast using the pivot word 'However' and the elaboration 'rather than sustaining... served to reverse.' The text notes that 'unchecked' surpluses cause inflation, which in turn acts upon export competitiveness in a negative, dampening manner. Therefore, the word 'check' is used in its secondary sense meaning to curb, restrain, or halt.
Adım Adım Çözüm
Anahtar Kavram
Deciphering Meaning via Structural Clues and Contrast/Continuation Signals
Tahmini Süre:2m 0s