The Main Criticism Most Contemporary Economists Would Make of the Bretton

question 12

Multiple Choice

The main criticism most contemporary economists would make of the Bretton Woods agreement is that it

• A) was inherently inflexible and thus not adaptable to changing economic conditions.
• B) was based on the false assumption that the ability of one country to compete with another changes over time.
• C) depended too heavily on adherence to the gold standard.
• D) demanded a fundamental realignment of currencies for which most countries were unprepared.
• E) meant that the only way to balance imports and exports was through the use of tariffs and quotas.

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