A Group of East Asians and Americans Have Won a Contest,and

question 5

Multiple Choice

A group of East Asians and Americans have won a contest,and each person is allowed to pick a car from a selection of cars.All cars are of the same make,model,and year.The only thing that differs between them is that they can be one of two colors.Furthermore,there is an extremely unequal proportion between the two colors,making the minority color very unique.Given this scenario,which of the following statements is true?

• A)East Asians will choose their cars randomly.
• B)Americans will choose cars with the brightest colors.
• C)East Asians will choose unique-colored cars.
• D)Americans will choose minority-colored cars.
• E)East Asians will choose white cars.

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Definitions:

Foreign Currencies

Money or other forms of legal tender issued by countries other than one's own, used in international trade and finance transactions.

U.S. Exports

Goods and services produced in the United States and sold to other countries, contributing to the national economy.

Dollar-Euro Market

The foreign exchange market where the US dollar and the Euro are traded against each other.

Increased Demand

A situation where consumers are willing and able to purchase more of a good or service at each price level, leading to a shift rightward of the demand curve.