If One Dollar Is Initially Equal in Value to One

question 153

Multiple Choice

If one dollar is initially equal in value to one euro and demand for euros increases, then each dollar will be worth

• A)more than one euro, and European imports will be cheaper in the United States
• B)less than one euro, and European imports will be more expensive in the United States
• C)more than one euro, and European imports will be more expensive in the United States
• D)less than one euro, and European imports will be cheaper in the United States
• E)the same as the euro, and there will be no change in the values of imports or exports

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Definitions:

Dichotomized Construct

A concept or variable that is divided into two distinct and mutually exclusive categories.

High-Risk

High-risk refers to a greater likelihood of experiencing negative consequences or danger, often used in contexts related to health, finance, and activities.

Construct System

A framework in psychology that refers to the collection of concepts and beliefs through which an individual perceives, interprets, and judges the world.

Choice Corollary

A concept in Kelly's personal construct theory which suggests that individuals anticipate future events and make choices based on how these events align with their personal constructs.