Describe the Significance of the Bretton Woods System

question 46

Essay

Describe the significance of the Bretton Woods System.

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Definitions:

Primary Reinforcer

Something that is naturally rewarding, such as food or drink, that does not require any learning to be considered pleasurable.

Sandwich

A food item typically consisting of two pieces of bread with meat, cheese, vegetables, or other fillings in between.

Praise

The expression of approval or admiration for someone or something.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer presented with the unconditioned stimulus.