With the increasing normalization of relations with China, more and more Chinese goods appear on the U.S. market. Haven't you noticed it? If we buy more from China than China buys from us, then
a. the Chinese currency (the yuan) appreciates and we have an unfavorable balance of trade with China
b. the Chinese currency (the yuan) depreciates and we have an unfavorable balance of trade with China
c. the Chinese currency (the yuan) appreciates and we have a favorable balance of trade with China
d. our balance of payments becomes increasingly negative
e. our balance of payments becomes increasingly positive
A
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A. 1933. B. 1946. C. 1964. D. 1973.
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Indicate whether the statement is true or false
A good is nonrivalrous in consumption if
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A. U.S. GDP since she's working for a U.S. firm. B. U.S. GDP since she's working for a firm located in the U.S. C. England's GDP since she's a British citizen. D. both the U.S. and England's GDP.