Answer the following questions in your text and submit the answers and any supporting spreadsheets to the Dropbox.
• Application Question 3, page 451
• Application Question 4, page 470
Application Question 3, page 451
Based on the discussion in this chapter, update the controversy over the value of the Chinese yuan in foreign currency markets. Is China still using central bank foreign exchange policy to maintain the value of the yuan? What is the current policy of the United States on this issue?
Application Question 4, page 470
What variables other than price appear to have the biggest impact on the demand for McDonald’s products? How much influence does the company have over these variables?
