A sub-prime loan is
A. at a very high interest rate, sometimes as high as 30%.
B. at a rate 1% above the prime rate of interest.
C. at an interest below the prime rate of interest.
D. the preferred loans of the very wealthy in the United States.
A. at a very high interest rate, sometimes as high as 30%.
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Retail stores that dedicate one or more aisles to "seasonal" items are engaging in ________
A) just-in-time production B) production smoothing C) work in process D) first degree price discrimination
When the U.S. price level decreases relative to the rest of the world:
A. exports and net exports will increase. B. imports and net exports will increase. C. exports will increase and net exports will decrease. D. exports will decrease and net exports will increase.
International free trade:
A. may have individual winners and losers of surplus within a country. B. creates surplus only for the producers in a country. C. allows everyone involved to gain surplus. D. creates surplus only for the consumers in a country.
Firms in a monopolistically competitive industry are distinguished by strategic behavior.
Answer the following statement true (T) or false (F)