Chapter 12, Problem 5SQ

If a strike takes place in France, making it harder to buyFrench goods, what will happen to the value of the U.S.dollar?

Why does the decline in value of a certain currency cause imports to be expensive and exports cheaper, resulting in cost-push and demand-pull inflation?

The Chinese yuan/RMB is not a widely used currency for trade or investment purposes. Why is this? What will the Chinese government need to do to make the RMB more widely used? Why does it not take these actions?

If the Japanese yen appreciates against the U.S. dollar a. Americans should find Japanese goods are now less expensive b. Japanese residents would find Japanese goods are relatively less expensive than American goods c. U.S. goods should have an easier time competing against Japanese goods in both countries d. Japanese goods should have an easier time competing against U.S. goods in both countries

Would each of the following groups be happy or unhappy if the U.S. dollar appreciated?   Australian tourists planning a trip to the U.S.   An American firm trying to purchase property overseas.