It Has Become Largely Accepted Since the End of the Bretton

question 87

Multiple Choice

It has become largely accepted since the end of the Bretton Woods agreement that:

• A)the gold standard was superior to anything that has come along since.
• B)governments have no role whatsoever in determining exchange rates.
• C)it is not necessary to fix exchange rates for long periods of time.
• D)floating rates simply have not worked.

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Definitions:

Stimulus Substitution

A theory in classical conditioning suggesting that the conditioned stimulus acts as a substitute for the unconditioned stimulus, eliciting the same response.

Classical Conditioning

An educational mechanism where the consistent pairing of two stimuli occurs; the response which initially is drawn by the second stimulus, in time, is drawn by the first stimulus alone.

Conditioned Stimulus

A previously neutral stimulus that, after being repeatedly associated with an unconditioned stimulus, evokes a conditioned response.

Conditioned Fear

A learned response to a previously neutral stimulus that has become associated with a frightful event or situation.