The US criticises the weakened Yuan – Protectionist policies

Print Email RSS Tweet This!

I wrote a blog last week about China’s exports recovering from a huge dip. They have done this by actively keeping their currency weak and proving firms with tax rebates to ensure companies maintain their price competitiveness. This has angered the US who feel China’s currency is undervalued by 20% to 40% which means that Chinese products are cheaper for US consumers and American products cost more in the Chinese market. This would be a good article to use when teaching currency, the balance of payments or protectionist policies. Click read more for some GCSE style questions on these topics

Explain two ways in which the US could protect their industries from competition from China. (4 marks)

Explain why a weakened Yuan could be a problem for US companies. (3 marks)

Explain one method of weakening a currency. (2 marks)

Rate this article:  1 2 3 4 5  

Print Email RSS Tweet This!

ECONOMICS TEACHER RESOURCE NEWSLETTER

Join over 4,000 other Economics Teachers in the UK and around the world who receive the tutor2u Economics Resource Email newsletter. Get special offers, first news of latest resources, teaching ideas, conferences and workshops.

*  Your Email Address:
*  Preferred Format:	HTMLText
AS/A2 Economics Board:	-- Please choose an option --AQAOCREdexcelCambridge Pre-UIBSQAWJECOtherDon't offer AS/A2 Economics
GCSE Economics Board:	-- Please choose an option --AQAEdexcelOCRIGCSEOtherDont offer GCSE Economics
*  Country:	-- Please choose your country --United KingdomAlgeriaArgentinaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBelgiumBermudaBosniaBotswanaBrazilBruneiBulgariaCambodiaCameroonCanadaChinaCyprusCzech republicEgyptEstoniaEthiopiaFijiFranceGeorgiaGermanyGhanaGreeceHong KongHungaryIndiaIndonesiaIranIrelandIsraelItalyIvory CoastJapanJordanKenyaKuwaitLebanonLiberiaLithuaniaMalawiMalaysiaMaldivesMaltaMauritiusMexicoNepalNetherlandsNew ZealandNigeriaNorwayOmanPakistanPapua New GuineaPhillipinesPolandPortugalQatarRomaniaRussiaSaudi ArabiaSierra LeoneSingaporeSlovakiaSloveniaSouth KoreaSpainSri LankaSwedenSwitzerlandTanzaniaThailandTunisiaUgandaUkraineUnited Arab EmiratesUnited StatesUruguayVietnamWest IndiesZambiaZimbabwe
Full Name:
Job / Position:
Postcode:
School / College:
Town / City:
*  Enter the security code shown:

Comments

Tags

gcse macro, gcse micro, recession, unemployment, demand, competition, supply, price, globalisation, demand and supply, government spending, inflation, economic growth, starter activity, economies of scale, employment, exports, factors of production, gdp, income elasticity of demand, revision, video, resources, economics, questions, prices, exchange rates, capital, government policies, starter, green shoots, growth of firms, currency, international trade, land, oil, taxation, activity, supply and demand, interactive data, credit crunch, externalities, trade, merger, rpi, gcse, ocr gcse economics, macroeconomics, international economics, new gcses, imports, enterprise, interest rates, standard of living, production, inferior goods, government budget, costs, market share, labour, interactive guide, market failure, luxuries, quiz, complements, cpi, substitutes, cross price elasticity of demand, primary industry, integration, housing market, economic policies, profits, eu, gold, exam technique, quantitative easing, confidence, keynes, pound, neets, government intervention, savings ratio, balance of payments, fashion and trends, construction, living standard, start of term activity, neet, secondary industry, innovation, price and non-price competition, role of profit, aqa gcse economics, tutor2u, growth, subsidies, basic economic problem, exchange rate, appreciation,
All tags