If the Demand for ________ Goods Decreases Relative to ________

question 29

Multiple Choice

If the demand for ________ goods decreases relative to ________ goods,the domestic currency will depreciate.

• A) foreign; domestic
• B) foreign; foreign
• C) domestic; domestic
• D) domestic; foreign

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Definitions:

Primacy Effect

The tendency to remember information at the beginning of a list better than information that comes later.

Brief Bit

A small or succinct piece of information or news.

Behavior

The actions, reactions, or conduct of an individual, group, or system in response to external or internal stimuli.

Perceived

Relates to the way in which an individual or group views, understands, and interprets something, often affecting attitudes and behaviors.