Assume That the British Government Eliminates All Controls on Imports

question 51

Multiple Choice

Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. demand for pounds would ____, the supply of pounds for sale would ____, and the equilibrium value of the pound would ____.

• A) increase; increase; increase
• B) decrease; increase; decrease
• C) remain unchanged; increase; decrease
• D) remain unchanged; increase; increase

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Definitions:

Hypothalamus

A region of the brain responsible for producing hormones that control body temperature, hunger, moods, release of hormones from many glands, especially the pituitary gland, and in regulating sleep cycles.

Taste Receptor

Specialized sensory cells located on the tongue that process and transmit the sensation of taste to the brain.

Umami

One of the five basic tastes, alongside sweet, sour, bitter, and salty, often described as savory or meaty, and typically produced by foods containing glutamate.

Homeostatic Model

A theoretical construct that describes how biological systems maintain stability and internal balance in response to external changes.