The Breakdown of the Bretton Woods System Occurred Because

question 151

Multiple Choice

The breakdown of the Bretton Woods system occurred because

• A)the world economy was basically unhealthy
• B)the collapse of world gold production undermined the operation of the system
• C)the gold value of the dollar exceeded the exchange value, causing an outflow of the gold
• D)the dollar was undervalued
• E)of the greed of the highly industrialized and wealthy countries of the world

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Definitions:

Methane

A colorless, odorless flammable gas, CH4, used as a fuel and a significant greenhouse gas.

Nitrous Oxide

A colorless gas with a sweet odor, used as an anesthetic and analgesic, and also a significant greenhouse gas contributing to global warming.

Troposphere

The lowest layer of Earth's atmosphere, where all weather takes place, extending up to about 10 kilometers (6 miles) from the surface.

Stratosphere

The layer of the Earth's atmosphere above the troposphere, ranging approximately from 10 to 50 kilometers in altitude, known for its ozone layer that absorbs most of the sun's ultraviolet radiation.