Question

A cheap Yuan value gives China’s __________ an advantage in the global economy. a. importers b....

A cheap Yuan value gives China’s __________ an advantage in the global economy.

a. importers

b. subsidies

c. bankers

d. exporters

Please explain!!!

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Answer #1

Correct option is (d).

When Yuan is cheap compared to other currencies, foreigners have to pay less Yuan to pay for imported goods that they import from China. So their import demand from China increases, and China's export demand increases. So Chinese exporters gain an advantage since their export demand is higher.

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