The poverty rate is the percentage of the population that have a family income level below the

China began pegging its currency, the yuan, to the dollar in 1994. Because the yuan was ________ at the pegged exchange rate, the level of Chinese exports remained ________ than they would have been if the exchange rate were allowed to float freely

A) overvalued; lower B) overvalued; higher C) undervalued; higher D) undervalued; lower

If the demand for a product increases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase

Indicate whether the statement is true or false