With the increasing normalization of relations with China, more and more Chinese goods appear on the U.S. market. Haven't you noticed it? If we buy more from China than China buys from us, then
A) the Chinese currency (the yuan) appreciates and we have an unfavorable balance of trade with China
B) the Chinese currency (the yuan) depreciates and we have an unfavorable balance of trade with China
C) the Chinese currency (the yuan) appreciates and we have a favorable balance of trade with China
D) our balance of payments becomes increasingly negative
E) our balance of payments becomes increasingly positive
Correct Answer:
Verified
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