The originate-to-distribute business model has a serious ________ problem since the mortgage broker has little incentive to make sure that the mortgagee is a good credit risk
A) principal-agent
B) debt deflation
C) democratization of credit
D) collateralized debt
A
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An increase in the inflation rate shifts the labor
A) supply curve to the right. B) supply curve to the left. C) demand curve to the right. D) demand curve to the left.
If the demand curve for slices of pizza is given as Q = 300 - 16p, then the point elasticity of demand when price is $1.50 is
A) -24. B) -16. C) -0.0054. D) -0.087.
Exhibit 21-3 Potatoes and wheat output (tons per day) CountryPotatoes Wheat United States4 2 Ireland3 1 In Exhibit 21-3, the United States has an absolute advantage in producing:
A. potatoes. B. wheat. C. both. D. neither.
A decrease in the supply of loanable funds and an increase in the demand for loanable funds will:
A. Increase the interest rate and the quantity of funds loaned B. Decrease the interest rate and the quantity of funds loaned C. Increase the interest rate, but the quantity of funds loaned may either increase or decrease D. Decrease the interest rate, but the quantity of funds loaned may either increase or decrease