Currency Devaluations Hurt Consumers Because They Make Imports ________ Expensive

question 15

Multiple Choice

Currency devaluations hurt consumers because they make imports ________ expensive in the _____________ currency.

• A)Less;domestic
• B)Less;foreign
• C)More;domestic
• D)More;foreign

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Definitions:

Thorndike

Edward Thorndike was an American psychologist known for his work on the law of effect and animal learning through trial and error.

Insight

The understanding or awareness of one's own mental or emotional processes, often leading to a sudden and profound understanding of a problem or situation.

Conditioned Response

A conditioned response is an automatic response established by training to an ordinarily neutral stimulus.

Unconditioned Stimulus (UCS)

In classical conditioning, a stimulus that naturally and automatically triggers a reflexive response without prior learning.