In Which of the Following Ways Did the Bretton Woods

question 21

Multiple Choice

In which of the following ways did the Bretton Woods system differ from the Washington Consensus?

• A) It created important, formal international organizations.
• B) It placed less emphasis on the promotion of international trade.
• C) It increased state control over international markets instead of reducing it.
• D) It reduced the pace of globalization instead of advancing it.

---

Definitions:

Buyers

Individuals or entities that make purchases of goods and services either for personal use, resale, or use in production.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period of time.

Quantity Supplied

The measure of goods or services that producers intend and are able to put on the market at a chosen price for a specified duration.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers.