Question: Consider again the situation described in Problem 13 where China decided to allow the yuan to float. What would you expect to happen to a.

Consider again the situation described in Problem 13 where China decided to allow the yuan to float. What would you expect to happen to
a. U.S. exports to China
b. U.S. imports from China
c. the U.S. trade deficit with China
Explain your answers.

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