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Which of the following was an argument IN FAVOR of Britain's adopting the euro?
I. Using the same currency as many other European countries would expand trade and increase productivity.
II. Using the euro would increase the effectiveness of monetary policy.
Grounded Cognition
The theory suggesting that cognitive processes are deeply rooted in the body's interactions with the world, relying on sensory experiences.
Psychological Essentialist View
The belief that certain categories, particularly living things, have an underlying reality or true nature that one cannot observe directly but gives an object its identity.
Observable Properties
Characteristics or aspects of objects or phenomena that can be detected and measured through the senses or with the aid of scientific instruments.
Categorization
The process of grouping items or concepts based on shared characteristics or attributes.
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