An Increase in U

question 119

Multiple Choice

An increase in U.S.income that increases American demand for all normal goods (including imports from Britain) will shift

• A)the U.S.demand curve for foreign exchange to the right, causing an increase in the dollar-per-pound exchange rate
• B)the U.S.demand curve for foreign exchange to the left, causing a decrease in the dollar-per-pound exchange rate
• C)the U.S.supply curve for foreign exchange to the right, causing a decrease in the dollar-per-pound exchange rate
• D)the U.S.supply curve for foreign exchange to the left, causing an increase in the dollar-per-pound exchange rate
• E)neither the U.S.demand curve for foreign exchange nor the U.S.supply curve for foreign exchange

---

Definitions:

Past Experience

Previous events or interactions that influence an individual's beliefs, behaviors, and attitudes.

Bias

A predisposition or preference towards a particular perspective, ideology, or individual, often leading to unfairness or discrimination.

Peers

Individuals of similar status or position within a specific context, often referring to colleagues or classmates.

Intelligence

The capacity to acquire and apply knowledge, understanding, and reasoning, including problem-solving skills and the ability to adapt to new situations.