What Will Depreciation of the Hong Kong Dollar Do

question 16

Multiple Choice

What will depreciation of the Hong Kong dollar do?

• A)Make Hong Kong exports cheaper,but its imports more expensive.
• B)Make Hong Kong exports more expensive,but its imports cheaper.
• C)Make Hong Kong's exports and imports both less expensive.
• D)Make Hong Kong exports and imports both more expensive.
• E)Will lead to a balance of payments surplus for Hong Kong.

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Definitions:

Self-Verification Strategies

Techniques individuals use to convince others to view them as they view themselves, in order to confirm their self-concept.

Reflexive Behavior

Behavior that an individual displays as a reaction to the behavior of others, often as part of a social interaction.

Social Identity

An individual's sense of who they are based on their group membership(s), such as social class, family, nationality, etc.

Behavior Expectations

The anticipated or desired ways of behaving in a particular context or environment, often communicated through norms, rules, or guidelines.