Rising Income in China Triggers an Increase Demand for U

question 68

Multiple Choice

Rising income in China triggers an increase demand for U.S.imported goods by Chinese households.This causes ________ Chinese yuan and yuan should_________ against the dollar.

• A) an increase in the demand for; appreciate
• B) an increase in the demand for; depreciate
• C) an increase in the supply of; appreciate
• D) an increase in the supply of; depreciate

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Definitions:

Attorney

A professional authorized to practice law, conduct lawsuits or give legal advice.

Raising Taxes

The act of increasing the amount of taxes levied by a government on businesses and individuals.

Political Affiliation

An individual's or group's identification with or support for a particular political party or ideology.

NDP

Stands for New Democratic Party, a social democratic political party in Canada.