If a Dollar Is More Expensive in Terms of a Foreign

question 129

Multiple Choice

If a dollar is more expensive in terms of a foreign currency than the equilibrium exchange rate, a ____ exists at the current exchange rate that will put ____ pressure on the exchange value of a dollar.

• A)​surplus of dollars; downward
• B)​surplus of dollars; upward
• C)​shortage of dollars; downward
• D)​shortage of dollars; upward

---

Definitions:

Intermittent Reinforcement

A conditioning schedule where a response is only sometimes reinforced, known to significantly increase the rate of response and resistance to extinction.

Continuous Reinforcement

A form of learning in which a behavior is reinforced every time it occurs, leading to rapid acquisition of the behavior.

Extinction

In behavioral psychology, the gradual weakening and eventual disappearance of a conditioned response, typically because the reinforcement is withheld.

Social Learning Theory

A theory that suggests individuals learn behaviors, attitudes, and emotions through observing others, rather than through direct experience alone.