Under Bretton Woods

question 2

Multiple Choice

Under Bretton Woods,

• A) any foreign country cannot devalue its currency against the dollar in conditions of "fundamental disequilibrium."
• B) any foreign country could devalue its currency against the dollar in conditions of "fundamental disequilibrium," but the system's rules did not give the United States the option of devaluing against foreign currencies.
• C) any foreign country could devalue its currency against the dollar in conditions of "fundamental disequilibrium," and the system's rules did give the United States the same option of devaluing against foreign currencies.
• D) the U.S. could devalue its currency against the foreign currencies in conditions of "fundamental disequilibrium."
• E) any foreign country can revalue its currency against the dollar in conditions of "fundamental disequilibrium."

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Definitions:

Title VII

The section of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act

A landmark piece of U.S. legislation passed in 1964 aimed at ending discrimination based on race, color, religion, sex, or national origin.

Disparate Impact

Discrimination occurs when an apparently neutral employment practice disproportionately excludes a protected group from employment opportunities.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively showing how price changes impact consumer demand.