When did housing prices start to fall during the most recent housing boom?
A) 2005
B) 2006
C) 2007
D) 2008
B
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When Bank of America finances your purchase of a new car, you are
A) borrowing in the stock market. B) lending in the bond market. C) lending in the capital market. D) borrowing in the loan market. E) borrowing in the bond market.
Define public goods. Give an example of a public good. Explain why private firms will not generally produce public goods
What will be an ideal response?
The Endangered Species Act is an attempt to
A) protect endangered species against greedy loggers, farmers, and business people. B) protect endangered species from the overzealousness of many environmentalists. C) protect species endangered because there are no private property rights on them. D) prevent some people from earning a good living.
Which of the following U.S. taxes is the most consistent with the ability-to-pay principle?
a. The excise tax on gasoline. b. The federal income tax. c. State sales taxes. d. The Social Security payroll tax.