Which best explains why U.S. businesses want the U.S. dollar to decrease in value against the Chinese renminbi? They want to be able to buy more raw materials from China. They want to sell more products to Chinese consumers. They want to buy more goods from Chinese businesses for resale. They want to be able to move their factories to China.
Which best explains why U.S. businesses want the U.S. dollar to decrease in value against the Chinese renminbi? They want to be able to buy more raw materials from China. They want to sell more products to Chinese consumers. They want to buy more goods from Chinese businesses for resale. They want to be able to move their factories to China.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter11: Foreign Exchange, Trade, And Bubbles
Section: Chapter Questions
Problem 3MC
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Which best explains why U.S. businesses want the U.S. dollar to decrease in value against the Chinese renminbi?
- They want to be able to buy more raw materials from China.
- They want to sell more products to Chinese consumers.
- They want to buy more goods from Chinese businesses for resale.
- They want to be able to move their factories to China.
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