The International Monetary Fund (IMF)was Established Under the Bretton Woods

question 22

True/False

The International Monetary Fund (IMF)was established under the Bretton Woods Agreement to help ensure the stability of the international monetary and financial system.

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Definitions:

Group Polarization

The phenomenon whereby a group's prevailing opinions or decisions become more extreme than the individual initial inclinations after group discussion.

Risky Shift

The phenomenon where groups make riskier decisions collectively than individuals would when making decisions alone.

Social Constructionism

The theory that social phenomena develop in social contexts as a result of human interpretation, interaction, and negotiation rather than inherent traits.

Normative Influence

The impact of the norms of a social group on an individual's behavior, driving conformity to group standards to gain acceptance or avoid social sanction.