Which of the Following Statements Is NOT True

question 34

Multiple Choice

Which of the following statements is NOT true?

• A)The Gold Standard Era was characterized by growing openness in trade, but limited capital mobility.
• B)The time period between world wars 1 and 2 (the inter war Years)witnessed significant reductions in trade barriers and a rapid acceleration in international trade.
• C)The Bretton Woods Era (post WWII)realized the increasing benefits of open economies. Furthermore, trade was increasingly dominated by capital.
• D)In fact, all of the above statements are true.

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Definitions:

Bilateral Contract

A legal agreement in which each of the parties to the contract makes a promise to the other or undertakes a certain obligation.

Unilateral Contract

An agreement where one party makes a promise, but the other side does not reciprocate with a promise but with an action.

Internet Communication

The exchange of information or messages between users through the internet, utilizing various platforms and technologies.

Gratuitous Promise

A promise for which no consideration is given; not legally binding unless put in a deed or supported by some form of consideration.