Although the pegged exchange rate between the yuan and the dollar has ________ the yuan, China had been reluctant to abandon the peg for fear that abandoning the peg would ________

The inability of wages to adjust to market conditions is called ________

Fill in the blank(s) with correct word

Which of the following would be a debit in the U.S. balance of payments?

a. the purchase of a Japanese car by an American b. the purchase of air service from a U.S. airline by a Japanese traveler c. a short-term loan extended to a Japanese manufacturer by a U.S. bank d. the purchase of U.S. grain by a Japanese bakery