Question: please show work 5. The Hong Kong dollar's value is tied to the US dollar in currency board relation. Explain how the following trade patterns

please show work

5. The Hong Kong dollar's value is tied to the US dollar in currency board relation.

Explain how the following trade patterns would be affected by appreciation in the Japanese yen against the US dollar:

  1. Hong Kong exports to Japan and
  2. Hong Kong exports to the United States.

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