Answer to Question #186122 in Economics for Fatme

Question

1. SELECT ALL THAT APPLY. What are the economic institutions created by the Bretton Woods system?

North American Free Trade Agreement

General Agreement on Tariffs and Trade

International Monetary Fund

World Bank

2. Why is diplomacy referred to as a two-level game?

Diplomacy is a two-level game because there are enemies and allies.

World leaders use public opinion to set parameters in negotiations.

The inherent tension between moral interests and practical interests

Diplomacy is a two-level game because diplomacy is not a solitary act.

Answer 1

1. The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF). They were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944. Their aims were to help rebuild the shattered postwar economy and to promote international economic cooperation.

So, the correct answers are 3 and 4.

2. The model views international negotiations between states as consisting of simultaneous negotiations at both the intranational level (i.e. domestic) and the international level (i.e. between governments).

So, the correct answer is 2.