The Figure Given Below Depicts the Demand and Supply of Brazilian

question 14

Multiple Choice

The figure given below depicts the demand and supply of Brazilian reals in the foreign exchange market. Assume that the market operates under a flexible exchange rate regime.Figure 22.1
In the figure:
D₁ and D₂: Demand for Brazilian reals
S₁ and S₂: Supply of Brazilian reals

-The supply of Thai baht in the foreign exchange market originates with:

• A)tourists who go on vacation to Thailand.
• B)the export of Thai oranges and other goods.
• C)Thai residents who wish to purchase goods from other countries.
• D)the Thai royal family.
• E)Thai central bank intervention to stop the peseta from depreciating.

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Definitions:

Primary Reinforcers

Fundamental stimuli that satisfy basic biological needs, such as food, water, and air, and do not require learning to be effective.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses, commonly used in behavioral psychology.

Fixed-Interval

A timing-based reinforcement plan where rewards are given after a predetermined time interval upon the first response.

Fixed-Ratio

In operant conditioning, a reinforcement schedule that rewards a response only after a specified number of responses.