The People's Republic of China has had a large trade surplus in recent years. Which of the following is the most likely explanation of this surplus?
A) China has a high rate of inflation, which reduces the value of its currency.
B) China has a large supply of labour, so low wages give it a competitive edge.
C) China has many trade barriers, which restrict the ability of other countries to sell their products in China.
D) China has a large amount of saving relative to domestic investment.
Correct Answer:
Verified
Q63: What are the effects of an increase
Q67: How does the supply or demand for
Q69: If a country went from a government
Q70: If Canadian citizens decide to save a
Q71: If Canadian firms decide to invest more
Q73: Which of the following best predicts the
Q76: Which of the following best predicts the
Q77: If a government increases its budget deficit,
Q78: If the government of Colombia implemented a
Q79: How does a change in government budget
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents