Suppose the Exchange Rate in the Year 2017 Was 5

question 25

Multiple Choice

Suppose the exchange rate in the year 2017 was 5 yuan per dollar and in 2018 the exchange rate fell to 4 yuan per dollar. If the price of a Chinese jumper was 120 yuan in both years, the new dollar price in 2018 would be ________ and imports of Chinese jumpers would ________.

• A) $40; decrease
• B) $40; stay the same because the price stayed the same at 120 yuan
• C) $30; increase
• D) $40; increase
• E) $30; decrease

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Definitions:

Colonized Peoples

Groups or communities that have been subjected to colonialism, where their territories and resources are dominated by a foreign power.

Internal Colonialism

A concept describing how a country's dominant group exploits minority groups for economic gain, treating them as colonized people within the same nation.

Lack Of Integration

The failure to combine or amalgamate different groups, systems, or processes into a cohesive and functional whole, often leading to fragmentation or isolation.

Assimilation

The process by which individuals or groups adopt the culture, customs, and values of another group, often losing their original identity.