In the Realignment of the World's Powers After World War

question 73

Multiple Choice

In the realignment of the world's powers after World War II, the center of the European component of the realignment became ________.

• A) Germany
• B) Great Britain
• C) France
• D) the Soviet Union

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Definitions:

Trade Policies

Trade policies comprise laws and regulations governing international trade, including tariffs, trade agreements, and import/export controls, to protect domestic industries and manage economic relationships.

Trade Balance

The value of a nation’s exports minus the value of its imports; also called net exports.

Capital Flight

The large-scale exodus of financial assets and capital from a country due to economic instability or unfavorable policies, leading to a decrease in investment and economic growth.

Real Exchange Rate

The rate at which the goods and services of one country can be exchanged for those of another, adjusted for inflation.