If the Equilibrium Exchange Rate Changes So That More British

question 12

Multiple Choice

If the equilibrium exchange rate changes so that more British pounds are required to buy a Canadian dollar,then:

• A)Canadians will buy fewer British goods and services
• B)the pound has appreciated in value
• C)fewer Canadian goods and services will be demanded by the British
• D)the dollar has depreciated in value
• E)the Canadian interest rate necessarily rises

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Definitions:

Higher-order Conditioning

A complex form of classical conditioning where a stimulus is paired with a previously conditioned stimulus, rather than with an unconditioned stimulus, to elicit a response.

Discriminative Stimuli

Refer to environmental cues or signals that indicate the probable consequence of a particular behavior, guiding organisms to respond accordingly.

Nausea-inducing

Descriptive of something that causes a sensation of unease and discomfort in the stomach, leading to the urge to vomit.

Garcia

Likely refers to John Garcia, a researcher known for his work in taste aversion and how organisms learn to avoid certain stimuli.