If the Dollar Appreciates Relative to the Yen, Which of the Following

question 3

Multiple Choice

If the dollar appreciates relative to the yen, which of the following is true?

• A)the dollar's purchasing power in terms of yen has increased
• B)the dollar's purchasing power in terms of yen has decreased
• C)a dollar previously worth 100 yen, would now be worth less than 100 yen
• D)Both b and c are correct.

---

Definitions:

Consumer Ethnocentrism

The belief among consumers that purchasing domestic products is morally right and beneficial to the national economy, often leading to a preference for domestic goods over foreign ones.

Xenophobia

The fear or hatred of strangers, foreigners, or anything perceived as foreign or different.

Cultural Fit

The extent to which an individual’s beliefs, values, and behavior align with the culture of an organization or team.

Sociocultural Bias

The presence of bias in judgments or actions influenced by societal and cultural norms or prejudices.