If the Irish Pound Declines in Value Against Other Major

question 22

Multiple Choice

If the Irish pound declines in value against other major currencies, which of the following happens?

• A)The Irish trade deficit will increase.
• B)The Irish trade deficit will be unaffected.
• C)The Irish trade deficit will decrease.
• D)Irish products will become more expensive to foreigners.
• E)Foreign goods will become cheaper in Ireland.

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Definitions:

Primary Reinforce

is a naturally reinforcing stimulus, such as food or water, that fulfills a basic biological need and does not require learning to become effective.

Extinction

In behavioral psychology, the process by which a conditioned response decreases or disappears after repeated exposure to the conditioned stimulus without the unconditioned stimulus.

Conditioned Taste Aversion

The acquired dislike or avoidance of a particular food or drink because it has been associated with an unpleasant outcome.

Biological Preparedness

The concept that organisms are inherently inclined to form associations between certain stimuli and responses, facilitating survival-relevant learning.