Please answer the following. The U.S. government has accused China of currency manipulation by fixing the exchange rate. The government claims that by fixing the exchange rate, China has increased exports and decreased imports. Some people claim that is one reason for the job loss in the manufacturing area in this country. Do you agree with this assessment? Alternatively, do you think that there other underlying reasons for the huge trade gap between the U.S. and China? Should the U.S. government retaliate by fixing its own exchange rate or let the law of supply and demand take care of the exchange rate (floating exchange)? Discuss your reasons by using the concepts that you have learned from this chapter.
Please answer the following. The U.S. government has accused China of currency manipulation by fixing the exchange rate. The government claims that by fixing the exchange rate, China has increased exports and decreased imports. Some people claim that is one reason for the job loss in the manufacturing area in this country. Do you agree with this assessment? Alternatively, do you think that there other underlying reasons for the huge trade gap between the U.S. and China? Should the U.S. government retaliate by fixing its own exchange rate or let the law of supply and demand take care of the exchange rate (floating exchange)? Discuss your reasons by using the concepts that you have learned from this chapter.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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please answer the following in at least 200 words
Transcribed Image Text:Please answer the following.
The U.S. government has accused China of currency manipulation by fixing the exchange rate. The government claims that by fixing the
exchange rate, China has increased exports and decreased imports. Some people claim that is one reason for the job loss in the
manufacturing area in this country. Do you agree with this assessment? Alternatively, do you think that there other underlying reasons
for the huge trade gap between the U.S. and China? Should the U.S. government retaliate by fixing its own exchange rate or let the law of
supply and demand take care of the exchange rate (floating exchange)? Discuss your reasons by using the concepts that you have learned
from this chapter.
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