The Figure Given Below Depicts the Foreign Exchange Market for British

question 78

Multiple Choice

The figure given below depicts the foreign exchange market for British pounds traded for U.S.dollars. Figure 21.2 Refer to Figure 21.2.Suppose S₁ is the initial supply curve and the British demand for U.S.manufactured computers decreases.Then, with flexible exchange rates:

• A)the price per British pound decreases by $0.10 and the quantity of British pounds increases by 50.
• B)the price per British pound decreases by $0.10 and the quantity of British pounds decreases by 50.
• C)the price per British pound increases by $0.15 and the quantity of British pounds decreases by 50.
• D)the price per British pound increases by $0.15 and the quantity of British pounds decreases by 75.
• E)the price per British pound and the quantity of British pounds remain unchanged.

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Definitions:

Failure to Delegate

The inability or unwillingness of a person in a leadership or managerial position to assign responsibilities and tasks to others.

Manager's Insecurity

Feelings of doubt or lack of confidence experienced by a manager, potentially affecting decision-making, leadership style, and interaction with subordinates.

Primary Responsibility

The main duty or obligation that an individual or organization is expected to perform or fulfill.

Participative Procedure

A method or process that involves the input and active participation of all stakeholders or members in decision-making or problem-solving.