Which Statement Best Describes the Law of Demand as It

question 45

Multiple Choice

Which statement best describes the law of demand as it relates to currency markets?

• A) The law of demand only applies to goods and services, not currency.
• B) When the price of a Mexican peso in terms of a U.S.dollar decreases, U.S.consumers demand fewer Mexican pesos because Mexican goods become more expensive to American consumers.
• C) When the price of Japanese yen in terms of a U.S.dollar decreases, U.S.consumers demand more Japanese yen because Japanese goods become more expensive to American consumers.
• D) When the price of a Canadian dollar in terms of a U.S.dollar increases, U.S.consumers demand fewer Canadian dollars because Canadian goods become more expensive to American consumers.
• E) When the price of an Australian dollar in terms of a U.S.dollar increases, U.S.consumers demand more Australian dollars because Australian goods become less expensive to American consumers.

Grasp the concept and examples of construct validity.

Recognize the various types of tests and their applicability in assessing cognitive abilities.

Comprehend the principle of concurrent validity and its implication for job performance evaluation.

Understand criterion-related validity and its significance in predicting work behavior.

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Definitions:

Competent Individuals

People who possess the required skills, knowledge, and ability to perform a specific task or job successfully.

Closed Group

A restricted group where membership is fixed from the beginning to the end of a group's lifespan, not allowing new members to join midway.

Efforts Rejected

The experience of having one's endeavors or contributions dismissed or not acknowledged by others.

Intranet Site

A private network accessible only to an organization's staff, often used to store, share, and manage internal information.