The Breakdown of the Bretton Woods System Occurred Because

question 91

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 dollar was undervalued
• D)the dollar was overvalued
• E)the ten richest countries in the world refused to cooperate any longer

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Definitions:

Last Clear Chance

A doctrine in tort law that allows a plaintiff to recover damages even if they were partially at fault, if the defendant had the final opportunity to avoid the harm but failed to do so.

Strict Liability

A legal doctrine in tort law that makes a person or entity responsible for damages or harm caused, regardless of negligence or fault.

Defective Condition

A flaw in a product that makes it unsafe for its intended or reasonably foreseeable use.

Abnormally Risky

Refers to activities or operations that inherently involve a higher than normal risk of causing harm to others or the environment, typically requiring special insurance or safety measures.