The trend in the mortgage-backed securities (MBS) market in the early 2000s was toward more
A) subprime mortgages.
B) prime mortgages.
C) bubble mortgages.
D) low-risk mortgages.
A
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Based on the model given, the cost-effective solution would arise if
Suppose that two firms, X and Y, face the following abatement costs: MACX = 1.2AX, MACY = 0.3AY TACX = 0.6AX2 TACY = 0.15AY2 Further assume that the combined abatement standard is 40 units for both firms. a. each firm abates 20 units of pollution b. firm X abates 8 units, and firm Y abates 32 units c. firm Y does all the abating because its MAC is lower d. firm X abates 24 units, and firm Y abates 16 units e. none of the above
The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the fifth pound of cookies is
A) 1. B) 2. C) 3. D) 15.
Scarcity refers to the situation in which
A) unlimited wants exceed limited resources. B) a country's population is larger than its resource base. C) a nation's poverty level increases faster than its population. D) unlimited resources exceed limited wants.
Brand names help
A) create commodities. B) maintain market power. C) create competition. D) keep economic profits at zero.