An Increase in the U

question 62

Multiple Choice

An increase in the U.S. dollar exchange rate means foreigners must pay

• A) more for dollars and more for U.S. exports.
• B) less for dollars and more for U.S. imports.
• C) more for dollars and less for U.S. exports.
• D) less for dollars and less for U.S. exports.

---

Definitions:

Counterfactual Thinking

The psychological process of imagining alternative outcomes to events that have already occurred, often starting with "what if" questions.

Olympic Bronze Medalists

Athletes who have achieved third place in their respective events at the Olympic Games.

Overconfidence

A cognitive bias that causes a person to believe that they are more capable or knowledgeable than they actually are.

Primacy Effect

The tendency to remember information at the beginning of a list better than information in the middle or at the end.