An Increase in the Value of a Currency Is Likely

question 1

Multiple Choice

An increase in the value of a currency is likely to:

• A) Make exports abroad cheaper in the foreign currency
• B) Make imports abroad more expensive in the foreign currency
• C) Reduce export sales
• D) Reduce imports

---

Definitions:

Altruism

The selfless concern for the well-being of others, often leading to actions for their benefit without personal gain.

Deindividuation

A psychological state characterized by reduced self-awareness and diminished social identity, leading to uninhibited and impulsive behavior, often in group settings.

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to the diffusion of responsibility.

Just-world Phenomenon

The belief that the world is fundamentally fair, leading people to rationalize an unjust situation as deserved by the victim.