Chapter 19. China Pegs the Yuan

EIA Activity: China Pegs the Yuan

[Online Document Assignment:]

EIA Activity: China Pegs the Yuan

Click on the links on the right to answer the following questions.

  1. Question

    Use Link 1 to answer the following questions. True or False: China’s GDP was US$4990 billion in 2010, compared to US$9240.27 billion in 2014.

    		A.
    		B.

  2. Question

    True or False: China’s GDP value represents 10%of the world economy.

    		A.
    		B.

  3. Question

    True or False: From 1960 to 2013, China’s GDP averaged US$1252.79 billion.

    		A.
    		B.

  4. Question

    Use Link 2 to answer the following questions. True or False: Over the last decade in China, blue-collar pay has increased between fivefold and ninefold in dollar terms.

    		A.
    		B.

  5. Question

    True or False: Despite rising wages in China, Chinese exporters have been able to keep prices low due to factories becoming more productive.

    		A.
    		B.

  6. Question

    Discuss the pros and cons of maintaining a fixed exchange rate.
    Your response will be graded by your instructor.
    Discuss the pros and cons of maintaining a fixed exchange rate.

  7. Question

    How do rising wages in China impact international trade? Discuss.
    Your response will be graded by your instructor.
    How do rising wages in China impact international trade? Discuss.

  8. Question

    Will China always have a comparative advantage in trade? Discuss.
    Your response will be graded by your instructor.
    Will China always have a comparative advantage in trade? Discuss.

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