Which of the following is not typically used for qualifying mortgages as prime or subprime?
A. The loan to value ratio
B. The borrower's ethnicity
C. The borrower's income
D. The borrower's credit score
Answer: B
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Which of the following is LEAST likely to be a reason for the decline in U.S. union membership?
A) declines in manufacturing employment B) increases in the work force of the public sector C) deregulation of transportation industries D) increasingly more immigrant workers to fill unskilled job positions
If the income multiplier is equal to 5, then a $1 initial increase the country's exports will lead to a
a. 5 percent decrease in national income b. 5 percent increase in national income c. $5 decrease in national income d. $5 increase in national income e. 0.05 percent increase in national income
Producers of computer software are plagued with the problem of "pirating", that is, many people copy software legally purchased by others. The industry estimates that for each legal copy of a program, there are two pirated copies in use. The industry wants strict laws for the enforcement of its "intellectual property rights," but enforcement is obviously very difficult. Economists call this
problem a. depletability. b. externality. c. durability. d. nonexcludability.
What was the an effect of the Sherman Antitrust Act?
(A) John D. Rockefeller formed the Standard Oil Trust as a protected natural monopoly. (B) The federal government won the power to prevent monopolies and mergers that interfered with trade between states. (C) Microsoft required personal computer manufacturers to include its web browser with the Microsoft Windows operating system. (D) The federal government repealed regulations that controlled the airline and trucking industries.