Answer Question 21 based on the information contained in the following graph

Evidence of a chronic balance of payments deficit is:

Refer to the above graph. Higher inflation in the United States relative to that in Canada, ceterisparibus, is predicted to cause a(n):

Which of the following would tend to raise the value of the U.S. dollar in foreign exchange markets?

In effect tariffs on imports are:

Refer to the above diagram where xy is the relevant budget line and I1, I2, and I3 are indifference curves. At point K: 

A protective tariff will:

Refer to the above information. If these two nations specialize based on comparative advantage:

The basic type of intervention by central banks under the managed floating exchange rate system is to:

The organization created to oversee the provisions of multilateral trade agreements, resolve disputes under the international trade rules, and meet periodically to consider further trade liberalization is called the: