If the quantity of credit demanded in a market exceeds the quantity of credit supplied in the market:
A) the real rate of interest tends to rise. B) the unemployment rate tends to fall.
C) the rate of inflation tends to rise. D) the real rate of interest tends to fall.
A
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Do the provisions of the GATT and WTO permit countries to apply their own environmental regulations against imports?
a. No; environmental regulations applying to domestic production and imports need to be negotiated internationally under treaties such as the Kyoto Protocol. b. No; environmental regulations applying only to imports need to be negotiated internationally under treaties such as the Kyoto Agreement. c. Yes; and countries may require stricter environmental regulations for imports than for domestic production. d. Yes; as long as environmental regulations apply uniformly to domestic production and imports.
In the market for automobile insurance, adverse selection implies that
A) those who are insured might take greater risks. B) those who are uninsured might take greater risks. C) insured and uninsured alike will take greater risks. D) drivers with greater risks are more likely to buy insurance.