Figure 155 Alt Text for Figure 15

question 181

Multiple Choice

Figure 15.5 Alt text for Figure 15.5: In figure 15.5, a graph illustrates the quantity of yuan traded against the exchange rate.
Long description for Figure 15.5: The x-axis is labelled, quantity of yuan traded in millions per day.The y-axis is labelled, exchange rate, Canadian dollar against the yuan.Supply curve S, is a straight line which slopes up from the bottom left corner to the top right corner.Demand curve D, is a straight line which slopes down from the top left corner to the bottom right corner.The curves intersect at point A, (600, 0.13) .Point A, and unmarked points (800, 0.11) , (500, $0.14) , (700, $0.14) , and (400, 0.11) are all connected to their corresponding values on the x and y-axes with dotted lines.
-Refer to Figure 15.5.Suppose the pegged exchange rate is $0.11/yuan.Because of safety concerns and numerous product recalls, U.S.consumers lower their demand for Chinese products.Using the figure above, this would

• A)increase the surplus of Chinese yuan.
• B)decrease the surplus of Chinese yuan.
• C)decrease the shortage of Chinese yuan.
• D)increase the shortage of Chinese yuan.
• E)decrease the value of the Chinese yuan.

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Definitions:

Authoritarian Leadership

A leadership style characterized by individual control over all decisions and little input from team members.

Participative Leadership

A leadership style where the leader involves team members in decision-making processes, fostering a sense of belonging and empowerment.

Contingent Rewards

Contingent rewards are benefits given for achieving specific performance targets or exhibiting desired behaviors.

Abdicating Responsibilities

The act of renouncing, relinquishing, or abandoning one's duties or responsibilities, often in a leadership or authoritative position.