Although the Pegged Exchange Rate Between the Yuan and the Dollar

question 221

Multiple Choice

Although the pegged exchange rate between the yuan and the dollar has ________ the yuan,China has been reluctant to abandon the peg for fear that abandoning the peg would ________.

• A)undervalued; reduce exports
• B)undervalued; reduce imports
• C)overvalued; increase imports
• D)overvalued; reduce exports

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Definitions:

Hours Worked

Hours worked refers to the total number of hours spent by an individual in performing their job duties during a specified period.

Effort Made

The amount of physical or mental energy expended towards accomplishing a task or goal.

Primary Reinforcers

Stimuli that satisfy basic survival needs and thus have intrinsic value, such as food, water, and warmth.

Biological Needs

Fundamental requirements that organisms must satisfy to maintain life, such as food, water, and shelter.