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1) In recent news there was a discussion about the possibility that some European Union members were considering a strategy of intentionally devaluing their currency against the dollar in order to increase exports. Explain how it is possible for a country to intentionally devalue its' currency and then define the benefits and consequences of this strategy.

2) 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?

3) 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?

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