Which of the Following Did Not Occur as a Result

question 68

Multiple Choice

Which of the following did not occur as a result of Bretton Woods Agreement?

• A) Each currency was valued in terms of gold.
• B) Values of all currencies were fixed with respect to each other.
• C) Currencies were allowed to fluctuate no more than 1% above or below the initially set rates.
• D) The United States experienced no balance-of-trade deficits.

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Definitions:

Direct Price Discrimination

A pricing strategy where a seller charges different prices to different customers for the same product or service, based explicitly on the customer's willingness to pay.

Indirect Price Discrimination

A pricing strategy where different prices are charged for the same product or service in different markets or segments, not directly by customer characteristics.

Decreasing Returns

Refers to a situation in which adding more of a production factor, such as labor or capital, results in progressively smaller increases in output.

Direct Price Discrimination

A pricing strategy where a seller adjusts prices for different customers based on observable personal characteristics or willingness to pay.