An increase in the value of the U.S. dollar will
A) increase Canadian demand for winter homes in Florida.
B) increase the cost of homes in Florida for American buyers.
C) reduce Canadian demand for winter homes in Florida.
D) reduce the cost of homes in Florida for Canadian buyers.
C
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Along the short-run Phillips curve SRPC0 the expected inflation rate is
A) 7 percent. B) 3 percent. C) 6 percent. D) an amount that can be determined from the figure, but none of the above answers is correct. E) an amount that cannot be determined from the figure.
Which of the following is FALSE about services trade for India and China?
A) China exports more services than India does. B) India has a trade surplus in services. C) China has a trade surplus in services. D) India trades primarily information services and other business services.