In Terms of Foreign Currency, a Revaluation Makes

question 349

Multiple Choice

In terms of foreign currency, a revaluation makes:

• A) domestic goods cheaper relative to foreign goods.
• B) both domestic and foreign goods less expensive.
• C) both domestic and foreign goods more expensive.
• D) domestic goods more expensive relative to foreign goods.

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Definitions:

Flynn Effect

The observed substantial and long-sustained increase in both fluid and crystallized intelligence test scores measured in many parts of the world over the 20th century.

Intelligence Scores

Quantitative measures obtained through standardized testing intended to assess various aspects of a person's intellectual ability or potential.

Weschler Adult Intelligence Scale

A standardized test designed to measure adult intelligence, assessing various cognitive abilities and providing an IQ score.

Raven's Progressive Matrices

A nonverbal group test typically used to measure abstract reasoning and considered a good estimate of fluid intelligence.