Adjustable rate mortgages with extremely low initial interest rates which enable high risk buyers to purchase homes are known as:
a. upside down mortgages
b. ARMs.
c. sub-prime loans.
d. mortgage backed securities.
c
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Based on the above table, which of the following is the efficient quantity of output?
A) 31 B) 16 C) 32 D) None of the above answers is correct.
Collective action is successful to the extent that it improves the welfare of those who participate in it
a. True b. False
If a firm in a perfectly competitive industry is experiencing higher than normal returns, in the long-run
a. Some firms will leave the industry and price will rise b. Some firms will enter the industry and price will rise c. Some firms will leave the industry and price will fall d. Some firms will enter the industry and price will fall
From 2010 to 2015, the Affordable Care Act
A. reduced the percentage of uninsured from 9.4 percent to nearly 0 percent. B. increased the percentage of uninsured from 9.4 percent to 16 percent. C. left the percentage of uninsured unchanged at 9.4 percent. D. reduced the percentage of uninsured from 16 percent to 9.4 percent.