The Plaza Agreement of 1985 and Louvre Accord of 1987 are examples of
A) tariff trade barrier formation.
B) nontariff trade barrier formation.
C) international economic policy coordination.
D) beggar-thy-neighbor policies.

Question

Quizplus · Accepted Answer

The Plaza Agreement of 1985 and Louvre Accord of 1987 were both international economic policy coordination efforts between the US, Japan, Germany, France, and the UK to stabilize exchange rates and avoid competitive devaluations. They were not examples of trade barrier formation or beggar-thy-neighbor policies.