Everything Else Held Constant,if a Factor Decreases the Demand for ________

question 2

Multiple Choice

Everything else held constant,if a factor decreases the demand for ________ goods relative to ________ goods,the domestic currency will depreciate.

• A)foreign;domestic
• B)foreign;foreign
• C)domestic;domestic
• D)domestic;foreign

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Definitions:

Belonging

The feeling of being accepted and included within a group or community, contributing to a person's sense of identity and emotional well-being.

Maslow

Abraham Maslow was an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Incentives

Incentives are rewards or penalties that motivate individuals towards certain behaviors or actions.

Self-determination Theory

A psychological theory focused on motivation, which posits that people are driven to grow and change by three innate and universal psychological needs: autonomy, competence, and relatedness.