Everything else equal, if the dollar appreciates against the Chinese yuan:
A) China will stop trading with the U.S.
B) China will export more to the U.S. and will import less from the U.S.
C) the Chinese government will sell yuan in the foreign exchange market.
D) China will import more from the U.S. and will export less to the U.S.
B
You might also like to view...
Economic growth can be pictured in a production possibilities frontier diagram by
A) making the production possibilities frontier more bowed out. B) making the production possibilities frontier less bowed out. C) shifting the production possibilities frontier outward. D) shifting the production possibilities frontier inward.
As an economy's capital stock increases, the economy
A) generally experiences increased unemployment of other resources, such as labor. B) generally decides to engage in international trade. C) experiences economic growth. D) gains an absolute advantage in the production of capital goods.
Refer to above figure. What is the consumer surplus enjoyed by Hungarian consumers of Boeing aircraft in the situation?
What will be an ideal response?
If in the long run, imports are paid for by exports, then
A) any restriction of imports ultimately reduces exports. B) any restriction of imports ultimately expands exports. C) any restriction of imports has no impact on exports. D) any restriction of exports has no impact on imports.