As the housing bubble began to collapse, the wave of initial foreclosures led to:
A. banks no longer offering refinancing as an option, and home sales slowed.
B. more foreclosures due to the herd instinct.
C. more household saving in other forms.
D. banks flooding the market with homes for sale, further depressing their price.
D. banks flooding the market with homes for sale, further depressing their price.
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Which of the following is not an example of a crime contemplated by the rational criminal model?
A. Murder for hire B. Spousal abuse C. Car theft D. Insurance fraud
Exhibit 8-10 Price and cost data for a firm Q P AVC ATC MC 0 $12 ? ? ? 1 12 3 5 5 2 12 5 6 7 3 12 7.3 8 12 4 12 9.5 10 16 In Exhibit 8-10, following the rule regarding MR and MC, the most profitable output level is:
A. 1. B. 2. C. 3. D. 4.
NAFTA refers to a 1994 agreement that eliminated most tariffs among which countries?
A) Canada, the United Kingdom, and Mexico B) the United States, the United Kingdom, and Mexico C) the United States, Canada, and Mexico D) the United States, Mexico, and Cuba
Refer to the information provided in Table 31.1 below to answer the question(s) that follow.Table 31.1PeriodQuantity of Labor (L)Quantity of Capital (K)Total Output (Y)1 50 50 2002 60 50 2203 70 50 2354 80 50 245Refer to Table 31.1. During Period 3, labor productivity is equal to
A. 0.3. B. 1.96. C. 3.36. D. 4.7.