Following World War II,the United States Gradually Moved from a Balance-Of-Trade

question 59

Multiple Choice

Following World War II,the United States gradually moved from a balance-of-trade surplus into a deficit.This shift was a result of the

• A) devaluation of the dollar.
• B) failure of many European countries to honor the Bretton Woods agreement.
• C) increasing capacity of European countries to compete with the United States in world markets.
• D) U.S. reluctance to provide economic assistance to developing countries.
• E) European countries' investing heavily in the United States.

---

Definitions:

Cognitive Approach

An approach in psychology that emphasizes internal mental processes as the key to understanding human behavior.

Daily Mood

The emotional state or prevailing emotional tone experienced on a day-to-day basis.

Information Processing

A theory that describes how humans perceive, analyze, manipulate, store, and recall information, much in the same way that computers process data.

Cognitive Approach

A psychological perspective that focuses on how people perceive, think about, and mentally process the world around them.