Everything Else Being Equal,if the Dollar Appreciates Against the Chinese

question 149

Multiple Choice

Everything else being equal,if the dollar appreciates against the Chinese yuan,________.

• A) China will stop trading with the United States
• B) the Chinese government will sell yuan in the foreign exchange market
• C) China will export more to and import less from the United States
• D) China will import more from and export less to the United States

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Definitions:

Price

The price anticipated, required, or paid in exchange for a particular item.

Quantity

The amount or number of a material or product available or produced.

Independent Variable

The variable causing a change in some other (dependent) variable.

Dependent Variable

A variable that changes as a consequence of a change in some other (independent) variable; the “effect” or outcome.