When the yuan per dollar real exchange rate depreciates:
A) the U.S. net exports to China increase while the Chinese net exports to U.S. decrease.
B) both the U.S. net exports to China and the Chinese net exports to U.S. increase.
C) both the U.S. net exports to China and the Chinese net exports to U.S. decrease.
D) the U.S. net exports to China decrease while the Chinese net exports to U.S. increase.
A
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Use the figure below to answer the following question.
What area represents tax revenue after the government imposes the excise tax on the market?
A. triangle abc B. triangle $1c$9 C. triangle $21a$13 D. square $13ac$9
Net benefits of sellers represent their:
A) revenue. B) profits. C) sales. D) inventory.
The minimum wage is an attempt to raise the income of low-income workers
a. True b. False
Other things the same, an increase in domestic prices raises the real exchange rate
a. True b. False Indicate whether the statement is true or false