If the amount you owe on your house is less than the price of the house, you have
A) positive equity in your house. B) an adjustable-rate mortgage on your house.
C) a reverse mortgage on your house. D) negative equity in your house.
A
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The United States experienced depressions in all of the following decades except
A. the 1890s. B. the 1920s. C. the 1930s. D. the 1950s.
The table above shows a production possibilities frontier for an economy. Which of the following combinations is unattainable?
A) 300 loaves of bread and 200 books B) 100 loaves of bread and 800 books C) 0 loaves of bread and 800 books D) 200 loaves of bread and 800 books E) 0 loaves of bread and 0 books
Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?
a. Capital shallowing b. Expropriation c. Liberalization d. Investment diversion e. Import substitution
In an unbalanced oligopoly, the sales of the leading firms
a. are unevenly distributed b. are larger than the sales of all other firms c. are larger than their market shares d. are smaller than in a balanced oligopoly e. grow faster than in a balanced oligopoly