In the Trade Relationship with China, Why Is the US

question 41

Multiple Choice

In the trade relationship with China, why is the US dollar in more demand than the Chinese yuan?

• A) More people demand the yuan domestically in China, so it is not used for imports and exports.
• B) The dollar is the common transaction currency between the two countries.
• C) The yuan is pegged to the US dollar.
• D) Formal institutions and regulations demand the trade be conducted in the dollar.

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Definitions:

Task Variety

The degree to which a job involves a range of different activities requiring various skills and talents.

Job Enlargement

The process of increasing the variety and number of tasks that an employee performs, aimed at enhancing job satisfaction.

Tea Manufacturing

The process involving the transformation of raw tea leaves into consumable tea products through various stages such as withering, rolling, and drying.

Monotonous Tasks

Repetitive and unvarying tasks that often lack stimulation and can lead to decreased worker motivation and satisfaction.