In 2003,China's Control of the Value of the Yuan Became

question 99

Multiple Choice

In 2003,China's control of the value of the yuan became an economic and political issue for the U.S.because:

• A)increased U.S. exports to China.
• B)decreased U.S. exports to China.
• C)increased China imports from the U.S.
• D)none of the above.

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Definitions:

Total Dollars

The aggregate or total amount of money without adjusting for factors such as inflation or purchasing power.

Optimal Factor Mix

The most efficient combination of resources and inputs a firm uses to produce goods or services at the lowest cost.

Resource Markets

Markets where productive inputs, such as labor, natural resources, and capital, are bought and sold.

Productivities

The levels of output or efficiency achieved from a set amount of inputs in production or work processes.