If for Some Reason Americans Desired to Increase Their Purchases

question 68

Multiple Choice

If for some reason Americans desired to increase their purchases of foreign assets,then other things the same

• A)both the real exchange rate and the quantity of dollars exchanged in the market for foreign-currency exchange would fall.
• B)both the real exchange rate and the quantity of dollars exchanged in the market for foreign-currency would rise.
• C)the real exchange rate would rise and the quantity of dollars exchanged in the market for foreign-currency would fall.
• D)the real exchange rate would fall and the quantity of dollars exchanged in the market for foreign-currency would rise.

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Definitions:

Decentration

A cognitive developmental term referring to the ability to consider multiple aspects of a situation rather than focusing on a single perspective.

Transitivity

The principle that if A > B and B > C, then A > C.

Concrete-Operational Children

Describes children typically aged 7 to 11 years old who are in a developmental stage where they can logically think about concrete events but have difficulty understanding abstract or hypothetical concepts.

Decentration

The cognitive ability to consider multiple aspects of a situation simultaneously, important in child development as per Jean Piaget's theory.