Which Statement Best Describes the Law of Demand as It

question 54

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 dollars 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.

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Definitions:

Interpersonal Conflict Management Styles

The strategies individuals use to handle disputes or disagreements among people in social or work settings.

Interdependence

The mutual reliance between individuals, groups, or organizations where each party depends on the others for resources, information, or support.

Problem-Solving

The process of identifying, assessing, and resolving issues in order to overcome obstacles or reach a desired outcome.

Assertiveness

The quality of being self-assured and confident without being aggressive.