While Walking Down the Street of an Old Town,Caleb Notices

question 159

Multiple Choice

While walking down the street of an old town,Caleb notices a burnt sign.Even though most of the words in the sign are illegible,she is able to piece together that the sign is pointing to the town hall.In this scenario,the gestalt principle of _____ accounts for this phenomenon.

• A)closure
• B)proximity
• C)similarity
• D)convergence

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Definitions:

Open-Economy Macroeconomic Model

A framework used to analyze economies that engage in international trade of goods, services, and financial assets.

Tariff

A tax levied on imported and, less commonly, exported goods, used to regulate trade by increasing the price of foreign products to encourage or protect domestic industry.

Real Exchange Rate

The rate at which a person can trade goods and services of one country for those of another, adjusted for inflation.

Import Quota

A limit set by a government on the quantity of a specific good that can be imported into the country.