If the Price of the Brazilian Real Is 60 Cents

question 102

Multiple Choice

If the price of the Brazilian real is 60 cents and a U.S. resident purchases a Brazilian-manufactured item for 60,000 real, there will be

• A) a quantity demanded of 60,000 real and a quantity supplied of $60,000.
• B) a quantity demanded of 60,000 real and a quantity supplied of $36,000.
• C) a quantity demanded of 60,000 real, but we cannot determine the effect in the market for dollars.
• D) a quantity supplied of 60,000 real and a quantity demanded of 60,000 yen.

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Definitions:

Bayley-III

A standardized assessment tool used to evaluate the developmental functioning of infants and young children, focusing on cognitive, language, motor, social-emotional, and adaptive behavior skills.

Directions

Instructions or guidelines provided to guide behavior or actions towards a particular task or goal.

Infant Development

The physical, cognitive, emotional, and social growth that occurs in babies from birth to the end of their second year.

Stimulus

Anything that can prompt a physiological or psychological response or reaction in an organism.