Refer to Figure 20.3 for the Following Questions

question 42

Multiple Choice

Refer to Figure 20.3 for the following questions.
Figure 20.3
-Suppose the above graph in Figure 20.3 represents the market for the British pound under the Bretton Woods System.If the par exchange rate was set at 2 US dollars and the situation persisted,

• A) the currency would be overvalued.
• B) there would need to be devaluation of the currency.
• C) the supply of pounds would be less than the demand for pounds.
• D) the supply of pounds would be greater than the demand for pounds.

Acknowledge the importance of self-disclosure in developing and maintaining close relationships.

Grasp the effect of group dynamics on individual behavior, including conformity, bystander effect, and deindividuation.

Understand the concept of attribution theory, including situational and dispositional attributions.

Identify factors that contribute to various attribution biases such as the actor-observer effect, fundamental attribution error, and self-serving bias.