If the British Pound Appreciates from $0

question 58

Multiple Choice

If the British pound appreciates from $0.50 per pound to $0.75 per pound,the U.S. dollar depreciates from ________ per dollar to ________ per dollar.

• A)£2;£2.5
• B)£2;£1.33
• C)£2;£1.5
• D)£2;£1.25

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed in infancy.

Irreversibility

The concept that some processes or actions cannot be undone or reverted to their original state.

Assimilation

The process by which new information is taken in and incorporated into one's existing cognitive structures and schemas.

Centration

The cognitive tendency in early childhood to focus on one salient aspect of a situation while neglecting other possibly relevant aspects.