Question 44 2 pts Which of the following statements about trade is true? O In 2018, Japan was the largest exporter to the United States. O Trade volume among China, Japan, Thailand, and Taiwan is the world's largest. O Trade volume among Chile, Brazil, Argentina, and Mexico is the world's largest. O The combined exports of Europe and the Americas account for nearly half of world exports. Question 45 2 pts Between 1890 and 2018, the trade/GDP measure for the United States: O decreased almost every year. O increased through 1920, then decreased through 1930 and remained low until increasing again from 1960 onward. decreased through 1920, then increased through 1930 and remained high until decreasing again from 1960 onward O remained unchanged.Question 48 2 pts Covered interest parity refers to the situation in which: interest rates are the same in both currencies. O spot and forward rates are the same in both currencies. O the forward rate between the two currencies is equal to the ratio of their returns times the spot rate between the two currencies. O there is an opportunity for arbitrage whenever prices are sluggish and sticky. Question 49 2 pts Price stickiness refers to: O slow movements in prices. O the sticker price for big-ticket items. O the price of oil. O the price of a Big Mac across countries."