Construal Level Theory Predicts That We Think About Events Distant

question 13

Multiple Choice

Construal level theory predicts that we think about events distant in time or space in ____________ terms, and that we think about events nearer in time or space in ______________ terms.

• A) abstract; concrete
• B) concrete; abstract
• C) abstract; abstract
• D) concrete; concrete

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Definitions:

Pound/Dollar Market

A foreign exchange market where the British pound and the US dollar are traded, indicating the exchange rate between these two currencies.

Exchange Rate

The value of one currency for the purpose of conversion to another, impacting international trade and economics.

Freely Fluctuating Exchange Rates

Exchange rates that are determined by the open market forces of supply and demand without direct government intervention.

Currency Appreciation

An increase in the value of one currency relative to other currencies in the foreign exchange market.