Since World War II, GATT has been responsible for reducing the average tariff among member countries from about
a. 40 percent to about 5 percent.
b. 40 percent to about 20 percent.
c. 80 percent to about 20 percent.
d. 20 percent to about 10 percent.
a
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As a result of the recession in 2008, the default risk increased. How did this change affect the loanable funds market?
A) There was a movement up along the supply of loanable funds curve. B) There was a leftward shift in the supply of loanable funds curve. C) There was a movement down along the demand for loanable funds curve. D) There was a rightward shift in the supply of loanable funds curve.
Rainforests are often cut down because
a. farmers and the government are greedy b. the countries involved do not understand the environment c. the countries involved are gaining short-term relief from poverty at the cost of long-term environmental preservation d. the countries involved are gaining long-term environmental benefits by doing so e. cutting them down results in less erosion