Figure 29-2 -Refer to Figure 29-2. Consider the Market for U.S. Dollars

question 147

Multiple Choice

Figure 29-2
-Refer to Figure 29-2. Consider the market for U.S. Dollars against the British pound shown in the graph above. From this graph we can conclude that the dollar price of a British pound has ________ to ________ dollars per pound.

• A) decreased; 0.46
• B) increased; 2.17
• C) decreased; 2.00
• D) increased; 0.50

---

Definitions:

Security Guards

Individuals employed to protect property, assets, or people, often employed by private companies, government institutions, or individuals.

Bargain Hard

The practice of negotiating forcefully or assertively to achieve favorable terms.

Nash Equilibrium

A principle in game theory stating that there is no advantage for any player to alter their strategy if all other participants maintain their current strategies.

Simultaneous Move Game

A game theory model where all players make their decisions or moves at the same time, without knowledge of the others' choices.