The Supply Curve of British Pounds Slopes Upward Because as the Dollar

question 80

Multiple Choice

The supply curve of British pounds slopes upward because as the dollar _____ American goods become ______ for the British.Therefore, the British purchase ______ American goods, and the quantity of pounds supplied decreases.

• A) depreciates against the pound; more expensive; more
• B) depreciates against the pound; more expensive; less
• C) appreciates against the pound; more expensive; less
• D) appreciates against the pound; less expensive; more

---

Definitions:

Analogue Observational Setting

An artificial environment set up in an office or laboratory to elicit specific classes of behaviour in individuals. Used when in vivo observation in the natural environment is impractical because of time constraints and the unpredictability of modern family life.

Subject Reactivity

A phenomenon in which individuals alter their behavior or responses due to their awareness of being observed or studied.

Actuarial Prediction

A method used in various fields, including psychology and criminal justice, that utilizes statistical models to forecast future outcomes based on historical data.