A Leftward Shift of the European Demand Curve for Foreign

question 194

Multiple Choice

A leftward shift of the European demand curve for foreign exchange will

• A)decrease the price of foreign exchange in Europe
• B)increase the price of foreign exchange in Europe
• C)decrease the value of the euro
• D)make foreign goods more expensive in terms of euros
• E)make European goods less expensive in terms of foreign exchange

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Definitions:

Salience

The quality of being particularly noticeable or important; prominence.

Stereotypes

Oversimplified generalized beliefs about a particular group of people or things.

Diminished Judgement

A state or condition where a person's ability to make considered decisions or evaluations is impaired or reduced.

Sorting

The process of arranging items in a systematic order or classifying them into categories.