International regulation occurs at two levels, one in which a specific government regulates the activities of individual firms operating within the country, and another in which several nations are involved

A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $11,000 two years from today. Of the following interest rates, which is the lowest one at which Harry would be better off paying $11,000 two years from today?

a. 2 percent b. 3 percent c. 4 percent d. 5 percent

Which of the following does not foster innovation and technological advance?

A. Competition in markets B. Freedom of choice and enterprise C. Self-interest and personal rewards D. Fear and avoidance of risk