Figure 36-6 ​

question 108

Multiple Choice

Figure 36-6
​
-In Figure 36-6, which of the following will cause a movement from equilibrium at point D to equilibrium at point B?

• A)An appreciation of the dollar
• B)A depreciation of the dollar
• C)A depreciation of the Japanese yen
• D)An increase in the U.S.price level

Recognize the impact of income and cost of living differences on financial decisions and utility.

Distinguish between different fair allocation criteria and how they apply to resource distribution.

Explain the process of Borda count in elections and its outcomes.

Analyze the implications of fairness and envy in allocation decisions.

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or the influence of group pressure on individual actions.

Confederates

Individuals who appear to be participants in a study but are actually part of the research team, used to manipulate social interactions.

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Diffusion Of Responsibility

A sociopsychological phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of a large group of people.