If the Dollar Price of the English Pound Increases from $1.50

question 16

Multiple Choice

If the dollar price of the English pound increases from $1.50 to $1.75, the dollar has

• A) appreciated relative to the pound, and English goods have become less expensive to U.S. consumers.
• B) depreciated relative to the pound, and English goods have become less expensive to U.S. consumers.
• C) appreciated relative to the pound, and English goods have become more expensive to U.S. consumers.
• D) depreciated relative to the pound, and English goods have become more expensive to U.S. consumers.

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Perception

The process of organizing, interpreting, and consciously experiencing the information from the senses.

Psychology Science

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Selective Attention

This is the process by which a person focuses on one or a few select stimuli while ignoring other stimuli.