Use information from 13.1.a., and assume a market of transferable permits allows USA and Brazil to trade permits to emit CO2. Brazil would be willing to but permits at any price below the price that the United States is willing to get per ton of CO2 emissions reduction. Therefore, a mutually beneficial trade will take place. Is it true or false?

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answerreal gdp per person;