If the USDollar Depreciates in the Foreign Exchange Market, American Exports Will

question 60

Multiple Choice

If the U.S.dollar depreciates in the foreign exchange market, American exports will be __________ and American imports will be __________.

• A)more expensive; more expensive
• B)cheaper; cheaper
• C)less expensive; less expensive
• D)less expensive; more expensive
• E)there will be no change

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Definitions:

Social Comparison

The process whereby people observe the performance of others and use it as a basis for evaluating their own abilities and accomplishments.

Self-Defamation

The act of damaging one's own reputation by speaking or acting in a way that reflects negatively upon oneself.

Self-Enhancing Bias

The motivation to maintain moderately positive beliefs about oneself, which is reflected in a tendency to make comparisons of oneself to people who are similar.

Internalization

is the process by which individuals consciously or unconsciously incorporate the values, attitudes, or norms of others into their own belief system.