-In the Figure Above, Suppose the Economy Is Initially at Point

question 14

Multiple Choice

-In the figure above, suppose the economy is initially at point B. Then the interest rate in Japan rises relative to the interest rate in Australia. This change ________ the supply of dollars and the market moves to a point such as ________.

• A)increases; D
• B)decreases; E
• C)decreases; A
• D)increases; C

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Definitions:

Sensorimotor

The stage in Jean Piaget's theory of cognitive development where infants learn to interact with their environment through physical actions, from birth to about 2 years of age.

Cognitive Development

The process of growth and change in intellectual capabilities that occur from infancy through independent adulthood, encompassing processes such as learning, memory, problem-solving, and decision-making.

Concrete Operations

A stage in Piaget's theory of cognitive development, occurring between ages 7 and 11, where children gain a better understanding of mental operations and can think logically about concrete events.

Stimulus

Any external or internal event or factor that influences or triggers a reaction in a biological organism.