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Author Question: Refer to Figure 19-5. Suppose the pegged exchange rate is 0.14/yuan and U.S. consumers increase ... (Read 123 times)

APUS57

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on: Jun 29, 2018
Refer to Figure 19-5. Suppose the pegged exchange rate is 0.14/yuan and U.S. consumers increase their demand for Chinese products. Using the figure above, this would
 
  A) increase the surplus of Chinese yuan. B) decrease the shortage of Chinese yuan.
  C) decrease the surplus of Chinese yuan. D) increase the shortage of Chinese yuan.

Question 2

Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 1 ice cream cone?
 
  A) 0.50 B) 3.50 C) 9.00 D) 13.50


SamMuagrove

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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