Two of the Most Influential International Agencies,the International Monetary Fund

question 25

Multiple Choice

Two of the most influential international agencies,the International Monetary Fund and the World Bank,were designed to establish a stable economic landscape and were established in 1944 at:

• A)Bretton Woods.
• B)the Hague.
• C)Birnam Wood.
• D)New York City.
• E)Zürich.

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Definitions:

Behaviorist Economists

Economists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Economic Behavior

The actions taken by individuals, businesses, and governments in producing, distributing, and consuming goods and services, often studied to predict patterns.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct state involvement in certain industries.

Private Sector

The part of the economy that is run by individuals and companies for profit, as opposed to being controlled by the government.