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