If purchasing power parity holds between the U.S. and China:
A. the real exchange rate must be 1.
B. the U.S. must no longer have a trade deficit.
C. the nominal exchange rate must be 1.
D. China must no longer have a trade deficit.
Answer: A
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Poor health in developing countries encourages economic growth because working is a matter of life and death
a. True b. False Indicate whether the statement is true or false
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