In a lockbox system, bank employees are responsible for opening cash receipts and maintaining records of all payments made by customers at the lockbox address

Under which of the following conditions, a member nation can apply restrictions on international transfers and payments for current transactions even though they are typically forbidden by GATS?

A. The member nation is in transition to a market economy. B. The member nation wants to grant monopoly rights to a service supplier. C. The member nation wishes to not adopt the guidelines of the Council on Trade in Services. D. The member nation has been granted MFN status by another country.

What decision would be made under minimax regret?

An investor is consider four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below. Economic Condition Poor Average Good Excellent Investment (S1) (S2) (S3) (S4) A 50 75 20 30 B 80 15 40 50 C -100 300 -50 10 D 25 25 25 25