Which of the following best explains why many foreign companies find operating in China a difficult experience from a business perspective?
A) China lacks the financial and legal systems needed to support the country's foreign trade.
B) China's local market is not large enough to support its extensive exporting to the United States.
C) China's government mandates that workers receive high wages and benefits.
D) China's exchange rate changes too frequently for U.S. businesses to compete.
Question 2
A government with a currency board is legally bound to hold an amount of foreign currency that is at least equal to the amount of domestic currency.
Indicate whether the statement is true or false
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Find the magnitude and the direction of the resultant vector of the two vectors below:
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