Which of the following is not true about the trade relationship between the U.S. and China?
A) Many economists, politicians, and union officials argue that China manipulates the yuan
B) China manipulates the value of the yuan to keep Chinese products cheaper abroad and foreign products more expensive at home
C) A weak yuan discourages Chinese exports and stimulates imports into China
D) A weak yuan boosts Chinese production and jobs
E) The average Chinese consumer is poorer because the yuan buys fewer foreign products
Correct Answer:
Verified
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