If the slope of a straight line is -2. and if X (the variable on the horizontal axis) decreases by 8, then Y (the variable on the vertical axis) will
A. decrease by 16.
B. increase by 16.
C. increase by 4.
D. decrease by 4.
Answer: B
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By the height of the housing bubble in 2005 and early 2006, lenders had greatly loosened the standards for obtaining a mortgage loan, with many mortgages being granted to ________ borrowers with flawed credit histories and ________ borrowers who did
not document their incomes. A) adjustable rate; shadow-banking B) "fresh-start"; prime rate C) sub-prime; "Alt-A" D) "credit crunch"; black market
Government attempts to set prices below market equilibrium can:
A. lead to more producer surplus. B. encourage more production. C. reduce the total surplus in the market. D. always create a better outcome.
A firm in pure competition would shut down when:
a. price is less than average total cost b. price is less than average fixed cost c. price is less than marginal cost d. price is less than average variable cost
If a European billionaire buys stock in General Motors, then the purchase will be recorded in the:
A. European financial and capital account. B. European current account. C. U.S. government financial account. D. U.S. current account.