In 1985 the Dollar Would Buy 262 Yen,but in 1992

question 86

Multiple Choice

In 1985 the dollar would buy 262 yen,but in 1992 it would buy only 123 yen.Relative to the yen,the value of the dollar:

• A) increased by about 25 percent.
• B) decreased by about 50 percent.
• C) decreased by about 75 percent.
• D) decreased by about 100 percent.

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Definitions:

Luchins

Refers to a series of experiments or the psychologist, Abraham Luchins, famous for his work on mental set and problem solving.

Fundamental Attribution Error

The tendency to overestimate the effect of disposition or personality and underestimate the effect of situational factors when observing others' behaviors.

Attributions

Explanations for the causes of events or behaviors, often as internal (personal) or external (situational) factors.

Behavior

The actions or reactions of an organism or system, usually in relation to its environment.