Author Question: If the Chinese Yuan devalues against the US dollar, then a. Both the US importers and Chinese ... (Read 71 times)

c0205847 · **on:** Jul 1, 2018

If the Chinese Yuan devalues against the US dollar, then
a. Both the US importers and Chinese importers would benefit
b. The US importers would benefit while the Chinese importers would be hurt
c. The US importers would be hurt while the Chinese importers would benefit
d. Both the US importers and Chinese importers would be hurt

Question 2

An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route
b. a piece-rate garment worker shirking more than a per hour worker
c. an hourly salesman working harder than a commission salesman
d. an author on contract going to fewer book signings as one with a percentage royalty rate