Question

12. For most of the twentieth century, which two nations remained separate from global intuitions like the IMF and the WTO?
O A. China and Japan
O B. China and the USSR
OC. Germany and China
O D. The USSR and Israel

Answer 1

Answer:

B. China and the USSR

Explanation:

The PF text book states the following:

"Institutions like the IMF and the WTO worked to bring former colonies into the new global order...Those who joined could benefit from trade contracts, form alliances, and receive loans. At the same time, two large nations—China and the Soviet Union(USSR)—stood apart. Over a few decades, both would join in the new economic order based on trade and business."

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Answer 2

Two nations that remained separate from global intuitions like the IMF and the WTO are  China and the USSR. Thus the correct answer is B.

What is IMF?

IMF stands for International Monetary fund which works to develop growth and prosperity. It aims to support the policies related to the economy that helps to advance cooperation with monetary issues and foster stability in financial position.

Independence movements were integrated into the new global order by organizations like the IMF and the WTO. Those who participated may take advantage of loans, partnerships, and trade agreements.

China and the Soviet Union (USSR) were two huge countries that were at war at the same time. They gradually participate in the trade agreement and business-based economic order over several decades.

Therefore, Option B is appropriate.

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