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Lubov Fominskaja [6]
2 years ago
6

Describe four principles or organizations brought about by the Bretton Woods Agreement that remain important to international bu

siness and trade today.
Business
1 answer:
bulgar [2K]2 years ago
5 0

The Bretton Woods Agreement established four ideas or organizations that are still crucial to international commerce and trade today, that are the International Monetary Fund, Exchange Rate, Promote Economic Growth, and Prevent Competitive Regulations.

<h3>What is Bretton Woods Agreement?</h3>

The Bretton Woods Agreement was the system that was established to use gold as the worldwide benchmark for creating a fixed currency exchange rate.

This agreement was signed by the 44 representatives from countries. Which led to the establishment of the International Monetary Fund (IMF) and the World Bank.

The four main ideas that were established by this agreement were the Exchange Rate, International Monetary Fund, Prevent Competitive Regulations, and Promote Economic Growth.

Therefore, the four ideas of this agreement is important to the businesses.

Learn more about the Bretton Woods, refer to:

brainly.com/question/14114585

#SPJ1

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The Demand for Crude oil is more elastic in the long run than in the short run because in the long run a substitute for crude oil may be found.

Crude oil is more elastic in the long run because consumers have enough time to find substitute products for crude oil. Price elasticity of demand in the short run  is low because consumers donot have sufficient time to look for substitutes , they donot have much of a choice but to take whatever price is charged by producers of crude oil

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the possible income from producing an additional item.

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hope this helps if not let me know

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