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Author Question: Under the Bretton Woods system, international debts were settled in: a. gold. b. U.S. dollars. c. ... (Read 26 times)

luminitza

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Under the Bretton Woods system, international debts were settled in:
 a. gold.
  b. U.S. dollars.
  c. British pounds.
  d. silver.
  e. German marks.

Question 2

What are the commonly used arguments for the use of tariffs?



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tsternbergh47

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Answer to Question 1

b

Answer to Question 2

Arguments for the use of tariffs include: tariffs help infant industries grow; tariffs can reduce domestic unemployment; new tariffs can help finance our international trade; and tariffs are necessary for national security reasons.





 

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