In a Setting of Flexible Exchange Rates, Suppose That the U.S

question 33

Multiple Choice

In a setting of flexible exchange rates, suppose that the U.S. citizens decrease their import purchases from the United Kingdom at the same time that British citizens increase their purchases of stocks and bonds in the United States. The first action (the U.S. imports) by itself would lead to __________ of the dollar against the pound; the second action by itself would __________ of the dollar against the pound.

• A) an appreciation; lead to a depreciation
• B) an appreciation; also lead to an appreciation
• C) a depreciation; also lead to a depreciation
• D) a depreciation; lead to an appreciation

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Definitions:

Conservation

The understanding that certain properties of objects or substances do not change when their external appearance is altered, a concept children grasp in the concrete operational stage according to Piaget’s theory of cognitive development.

Gender-Appropriate Behavior

Actions or responses that society deems suitable for a person based on their gender.

Fathers

Male parents who play a role in the upbringing, support, and guidance of their children, having a significant impact on their emotional and social development.

Cellular Clock Theory

A theory proposing that the aging process is controlled by a biological clock contained within each cell, which dictates the lifespan of the organism by regulating cellular functions.