How Will the Exchange Rate (Foreign Currency Per Dollar)respond to an Increase

question 106

Multiple Choice

How will the exchange rate (foreign currency per dollar) respond to an increase in preference for imported goods in the United States in the long run?

• A)Exchange rates will rise.
• B)Exchange rates will fall.
• C)Exchange rates will be unaffected by changes in the relative rate of productivity growth in the United States,both in the short run and in the long run.
• D)The exchange rate will be affected in the short run,but not in the long run.

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Definitions:

Sociocultural Influences

Factors stemming from society and culture that affect individual thoughts, behaviors, and emotions.

Gender

Gender refers to the roles, behaviors, activities, expectations, and societal norms constructed by society for individuals based on their sex, rather than the biological aspects of sex characteristics.

Benevolent Sexism

A form of sexism that is disguised as positive or affectionate attitudes towards women, ultimately serving to justify and maintain gender inequality.

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The feeling of not being favorable or agreeable to someone or something.