Lucy Just Moved to New York on a Job Assignment

question 30

Multiple Choice

Lucy just moved to New York on a job assignment.Lucy got herself a map of the city and various other guides on restaurants, fitness centers, libraries, and theaters.Lucy learns about New York by studying these materials.Lucy acquires _____ knowledge by learning this way.

• A)consensus-based
• B)tacit
• C)explicit
• D)intuition-based
• E)inherent

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Definitions:

Thai Bhat

The currency of Thailand.

Appreciated

Describes an increase in value of an asset or currency over time, often due to economic factors.

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to assess the relative value of currencies.

Nominal Exchange Rate

How quickly one currency is swapped for another, without considering inflation adjustments.