A Drop in Dollar Price of British Pounds Means That

question 30

Multiple Choice

A drop in dollar price of British pounds means that

• A)fewer dollars are needed to buy British pounds
• B)more dollars are needed to buy British pounds
• C)the mark has appreciated
• D)the dollar has depreciated
• E)British goods are now more expensive to Americans

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Definitions:

Motivation

The internal drive or external stimuli that spur individuals to action toward achieving a goal.

Equity Theory

A theory of motivation that people are motivated to maintain a balance between their inputs and outputs comparable to others in similar situations.

Negative Inequity

A perception that arises when an individual feels they are receiving less than they are giving or less than others are receiving in similar situations.

Positive Inequity

A situation in which an individual perceives that they are receiving more from a relationship or exchange than they are contributing, potentially leading to feelings of guilt or obligation.