Question: 7. (5 pts) Using the policies in problem 6. above, assume the United States primarily trades with China, what is the expected impact to the
7. (5 pts) Using the policies in problem 6. above, assume the United States primarily trades with China, what is the expected impact to the Chinese Yuan - U.S. exchange rate (E), holding everything else constant (e.g., will the Dollar appreciate, depreciate, or retain the same value against the Yuan?). (5 pts) If you are managing a business that exports and imports primarily to and from China, what are your expectations for exports to China after the legislation? (5 pts) What are your expectations for imports? You must show all work for any credit
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