Foreign Exporters Are Usually Quite Willing to Accept U

question 123

Multiple Choice

Foreign exporters are usually quite willing to accept U.S.dollars in payment for goods and services because:

• A)of the importance of the dollar in international trade
• B)the value of the dollar does not fluctuate
• C)they have little alternative
• D)it is customary to receive payment denominated in the currency of the importer's country

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Definitions:

Halo Effect

A cognitive bias where the perception of one positive trait leads to the assumption of other positive traits in an individual.

Upward Counterfactual

Thinking about how a situation could have turned out better, often leading to feelings of regret.

Magical Thinking

Believing that one’s thoughts, wishes, or desires can influence the physical world or that events are connected in ways that defy scientific principles.

Counterfactual

Thinking that involves imagining alternative scenarios and outcomes that might have happened, but did not.