Select Which Definition Best Describes the Bretton Woods System

question 12

Multiple Choice

Select which definition best describes the Bretton Woods System.

• A) an economic order among industrialized nations after World War Two, providing for lower barriers to trade and investment while safeguarding the ability of member states to manage their economies even at the expense of international economic activity
• B) international economic system that would disincentivize countries managing their own economies while simultaneously avoiding the protectionism and anti-free trade policies of the 1930s
• C) an economic order among mostly Western industrialized nations after World War Two, providing for lower barriers to trade and investment while safeguarding the ability of member states to manage their economies even at the expense of international economic activity
• D) economic policies based on the Keynesian notion that during bad times, governments should increase spending and keep interest rates low in order to keep the economy moving

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Definitions:

1838

This is a specific year in the Gregorian calendar, but without additional context, it does not represent a known key term.

Canadian University

Higher education institutions located in Canada that offer undergraduate and graduate degrees in a variety of fields.

John Watson

A psychologist from America who founded the behaviorism school of psychology, which focuses on examining behaviors that are observable.

Governs Behaviour

Refers to principles or forces that influence or control actions and conduct.