The International Communication Network which is the successor of GATT settles trade disputes among its member countries
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following concerns were raised as a result of record low interest rates in 2012?
A) high perceived risk of default B) high interest rate risk C) corporations facing a lack of demand for bonds D) high risk premiums on investment-grade corporate bonds
The "marginal rate of substitution" between two goods is measured by:
A) the ratio of the market prices of the two goods. B) the number of units of a good consumed divided by the market price of the other good. C) the number of units of one good a consumer would give up to consume one more unit of another good, while holding total utility constant. D) the consumer's budget constraint divided by the price of each good.