The rules established under the General Agreement on Tariffs and Trade (GATT) are enforced by an international body called the World Trade Organization (WTO)

Which of the following is not a country or region most likely to be among industrial market countries?

a. Western Europe b. North American c. Australia d. South Asia e. Japan

A way in which government can attempt to solve the problems caused by information asymmetry in the marketplace is:

A. statistical discrimination. B. signaling. C. mandating that information be shared. D. All of these are ways the government deals with information asymmetry.