Consequences of Supporting an Overvalued Yuan-Per-Dollar Exchange Rate Are ________,And

Multiple Choice

Consequences of supporting an overvalued yuan-per-dollar exchange rate are ________,and diplomatic issues between China and its trading partners.

A) a large trade deficit of the United States with China, higher buying power for Chinese workers
B) a large trade deficit of the United States with China, lower buying power for Chinese workers
C) a large trade surplus of the United States with China, lower buying power for Chinese workers
D) a large trade surplus of the United States with China, higher buying power for Chinese workers