Which of the following countries are lacking an abundance of natural resources?

China runs a current account surplus with the United States. Which of the following must be true about China's balance of payments with the United States?

A) It must run a financial account deficit. B) Its net exports must be negative. C) Its balance of trade must be in deficit. D) Its balance of payments must run a deficit.

If the price level in the United States increases more slowly than the price level in Canada, we would expect

A) interest rates in the United States to be higher than interest rates in Canada. B) the U.S. dollar to depreciate against the Canadian dollar. C) the Canadian dollar to depreciate against the U.S. dollar. D) U.S. productivity to have increased more slowly than Canadian productivity.