Multiple Choice
In implementing the Marshall Plan (1948-51) ,
A) the United States discouraged European countries from cooperating among themselves to increase trade, as it was felt that economic recovery would be better achieved through competition.
B) the United States, in order to offset the large capital outflow caused by loans and grants made abroad, tried to maintain a balance of payments surplus.
C) the United States offered financial aid to many of the economies in Western Europe devastated by World War II.
D) the U.S. dollar was devalued 30% against other world currencies.
Correct Answer:
Verified
Correct Answer:
Verified
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