Would an increase in yuan in exchange for the dollar be good news or bad news for U.S. firms such as Apple and Yum Brands (which owns KFC and Pizza Hut) that have stores or restaurants in China? Briefly explain. O A. Bad news, because goods produced by Chinese competitors become less expensive. O B. Good news, because they will earn more dollars when they convert an appreciated yuan into U.S. dollars. OC. Good news, because the purchasing power of American consumers incroaco

Would an increase in yuan in exchange for the dollar be good news or bad news for U.S. firms such as Apple and Yum Brands (which owns KFC and Pizza Hut) that have stores or restaurants in China? Briefly explain. O A. Bad news, because goods produced by Chinese competitors become less expensive. O B. Good news, because they will earn more dollars when they convert an appreciated yuan into U.S. dollars. OC. Good news, because the purchasing power of American consumers incroaco

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Would an increase in yuan in exchange for the dollar be good news or bad
news for U.S. firms such as Apple and Yum Brands (which owns KFC and
Pizza Hut) that have stores or restaurants in China? Briefly explain.
A. Bad news, because goods produced by Chinese competitors
become less expensive.
O B. Good news, because they will earn more dollars when they convert
an appreciated yuan into U.S. dollars.
C. Good news, because the purchasing power of American consumers
increases.
D. Bad news, because sales in China are now worth less when
converted to U.S. dollars.

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