Needs: food, shelter, clothing, water, sleep.
Wants: Phone, pets, house decor, cookware, pictures.
And then, I'm not sure what your family does for the first question.
Answer:
China would lower the value of there money and have large tariffs on other countries.
Explanation:
Anything that was imported, they would put large tariffs and make it cheaper for things made in China. Because of this the Chinese citizens would choose to the cheapest option evaluable. This would always be China made products.
High unemployment and it was the worst economic downturn in history.
