Which of the following criticisms of the society-centered approaches to exchange rate politics is not generally valid? A) They don't explain outcomes. B) They omit the interests of noneconomic interest groups. C) They assume that governments do have independent preferences. D) They assume that policy outcomes result from decisions made by the party that controls government. E) They overstate the ability of domestic interest groups to influence policy.

Question

Quizplus · Accepted Answer

Society-centered approaches to exchange rate politics generally assume that governments reflect the preferences of dominant societal groups rather than having independent preferences. Therefore, criticism C, which states that these approaches assume governments have independent preferences, is not generally valid.

Which of the Following Criticisms of the Society-Centered Approaches to Exchange