Summers: 'Ludicrous' to Name China an FX Manipulator

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Business, Social Studies
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University
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Hard
Wayground Content
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What authority does the President of the United States have in terms of trade?
Authority only over domestic trade policies
Significant authority, including the ability to address trade abuses
No authority, trade is managed by international bodies
Limited authority, only Congress can make trade decisions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is naming China a currency manipulator considered a poor proposal?
It is not supported by current economic conditions
It is a widely accepted strategy
It would strengthen the US dollar
It would lead to immediate trade benefits
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be a consequence of repealing NAFTA according to the transcript?
It would improve relations with Mexico
It would cause substantial economic harm
It would have no significant impact
It would boost the US economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has Trump's rhetoric affected the Mexican peso?
It has stabilized the currency
It has had no effect
It has caused a significant depreciation
It has led to its appreciation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact of the peso's depreciation on US-Mexico trade?
It makes US exports cheaper
It increases the cost of US exports to Mexico
It reduces the cost of Mexican exports to the US
It has no impact on trade costs
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