Related to the Economics in Practice on p.703: By keeping the value of the yuan relatively low,the Chinese government has essentially ________ exports from China and made foreign goods ________ in China.

Question

Quizplus · Accepted Answer

By keeping the yuan's value low, Chinese exports become cheaper for foreign buyers, thus increasing exports. Simultaneously, foreign goods become more expensive in China, as more yuan are needed to purchase them.

Related to the Economics in Practice on P