Which of the following would be most likely to cause the per capita income of less-developed countries to rise?

The World Trade Organization was created to

a. provide preferential treatment for developing-country trade b. incorporate environmental protection into trade agreements c. provide a set of rules under which regional trade arrangements would operate d. strengthen the international regime of rules for the conduct of foreign trade e. all of the above

If the Fed allows the federal funds rate to fall well below the rediscount rate it is likely that the Fed will

A) lower the rediscount rate and increase c, the proportion of demand deposits held as cash. B) raise the rediscount rate. C) increase loans to banks. D) decrease loans to banks.