Suppose the Value of the Thai Baht Decreases Substantially in Value

question 56

Multiple Choice

Suppose the value of the Thai Baht decreases substantially in value compared to the Canadian dollar. What is the likely result?

• A) Thai imports from Canada will decrease but exports to Canada will increase.
• B) Thai imports from Canada will increase and so will exports to Canada.
• C) Thai imports from Canada will decrease and so will exports to Canada.
• D) Thai imports from Canada will increase but exports to Canada will decrease.

---

Definitions:

Subjective Well-being

A person's own evaluation of their happiness and satisfaction with life.

Robert Plutchik

A psychologist known for his psychoevolutionary theory of emotion, which categorized emotions into eight primary types.

Primary Emotion

Basic emotions that are hard-wired in the brain and universally recognized, such as happiness, sadness, fear, and anger.

Secondary Emotions

Emotions that are more complex, often derived from basic emotions, and include feelings such as guilt, shame, and pride.