If the Irish Pound Declines in Value Against Other Major

question 22

Multiple Choice

If the Irish pound declines in value against other major currencies, which of the following happens?

• A)The Irish trade deficit will increase.
• B)The Irish trade deficit will be unaffected.
• C)The Irish trade deficit will decrease.
• D)Irish products will become more expensive to foreigners.
• E)Foreign goods will become cheaper in Ireland.

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Definitions:

Slow Shifts

Gradual changes or movements towards a different state or condition.

Ingratiation

A psychological technique in which an individual attempts to become more appealing to others through flattery or other forms of manipulation.

Perceptual Distortion

The misinterpretation or misrepresentation of a perceived stimulus, affecting judgment or decision-making.

Ingratiation

A psychological tactic involving deliberate efforts to win someone's favor by flattery or other means of making oneself personally likable.