The Figure Given Below Depicts the Foreign Exchange Market for British

question 94

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S. dollars.Figure 22.2

-An appreciation of the Norwegian kroner in relation to the U.S. dollar is most likely to cause:

• A)an increase in the U.S. demand for Norwegian goods.
• B)an increase in the Norwegian demand for U.S. goods.
• C)an increase in the supply of U.S. goods to Norway.
• D)a decrease in the supply of Norwegian goods to the United States.
• E)no change in the demand or supply of goods for either country.

---

Definitions:

Empathy

The ability to understand and share the feelings of another person.

Social Interaction

The process by which individuals act and react in relation to others, forming the basis of social relationships and society.

Instrumental Communication

Communication that is directed toward completion of tasks or the achievement of specific objectives.

Ends in Themselves

A concept in moral philosophy, often associated with Immanuel Kant, that individuals or beings have an intrinsic value and should not be used merely as means to an end by others.