When explaining China and India's trade patterns,
A) proximity and GDP explain a significant portion.
B) many complex factors determine trading partners.
C) patterns are very different for each country.
D) exchange rates determine most of the pattern of trade.
A
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Before developing an expectation on inflation, Jenny reads through all available material on consumer price indexes and producer price indexes
Later she also reads through recent magazines and newspapers to identify factors that could affect the inflation rate in the coming days. Jenny can be said to have: A) conditional expectations. B) rational expectations. C) marginal expectations. D) adaptive expectations.
In 1994, the Republicans' "Contract with America" encompassed economic provisions that drew upon the ideas of
a. Keynesian economists. b. monetarists. c. new classical economists. d. supply-side economists.