Mental Models Cause Us To

question 90

Multiple Choice

Mental models cause us to:

• A)perceive ourselves as members of several groups that are different from people in other groups.
• B)believe the behaviour of others is caused more by their ability or motivation than the situation.
• C)perceive events as though people are acting on a theatrical stage.
• D)select and organize stimuli in ways that are consistent with our broad world views.
• E)change our personality whenever we develop new mental models.

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Definitions:

International Monetary System

The framework of rules, institutions, and agreements by which countries exchange currencies and settle international financial transactions.

Flexible Exchange Rate

Rate determined in foreign exchange markets by the forces of demand and supply without government intervention.

Fixed Exchange Rate

A currency system where the value of a currency is pegged to another currency, a basket of currencies, or a physical commodity like gold.

Exchange Rate

The price of one currency in terms of another, determining how much foreign currency can be exchanged for a unit of domestic currency.