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Economic Challenges in the 20th Century Quiz

#1

Which of the following is not a characteristic of a perfectly competitive market?

Barriers to entry
Explanation

Perfect competition implies no barriers to entry.

#2

What was the purpose of the Bretton Woods Agreement?

All of the above
Explanation

The Bretton Woods Agreement aimed to stabilize global currencies, promote international trade, and rebuild post-World War II economies.

#3

What is the primary goal of monetary policy?

To stabilize prices
Explanation

Monetary policy primarily aims to maintain price stability.

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