What does Rodrik argue is the best strategy in dealing with China's trade policies?
a. The WTO should suspend its restrictions on subsidies.
b. China should be left alone to pursue its own growth policies.
c. Tighter global rules will ensure a balance of trade with China.
d. Industrial policies should be put in place to restrict trade with China.
e. The United States should intervene to ensure that China's policies align with international trade regulations.
Question 2
China's currency devaluation has had what effect on its trade surplus?
a. China's trade surplus has increased.
b. China's trade surplus has decreased.
c. China's trade surplus has remained constant.
d. China's trade surplus is not affected at all by currency devaluation.
e. China's trade surplus is in a state of continual flux.
(a) The site of Zhoukoudian outside of Beijing, China, spans several hundred thousand years and (b)
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Flexible exchange rates are supposed to prevent long-term trade deficits.