Which of the Following Is a Major Change Since the Bretton

question 9

Multiple Choice

Which of the following is a major change since the Bretton Woods agreement broke down?

• A)A retreat to isolationism reduced trade and capital flows.
• B)Nations of the world have grown more interdependent because of the growth of world trade.
• C)Nations of the world have become more independent and exchange rate risks have been reduced.
• D)Exchanges rates have become more stable.

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Definitions:

Right

Right refers to the direction or side opposite of left, often associated with correctness, proper orientation, or a direction in geography or body parts.

Positive Feedback

A mechanism in which an initial change is amplified by its outcomes, often leading to an enhanced response in a system.

Healthy Individuals

Persons who are in a state of physical, mental, and social well-being, not merely the absence of disease or infirmity.

Positive Feedback

A process where a change in a variable triggers mechanisms that amplify that change.