In the decade leading up to the financial crisis of 2008, U.S. housing prices:
A. were falling sharply.
B. were rising rapidly.
C. increased slowly.
D. did not change.
Answer: B
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Bobby is buying slices of pizza and place a value of his utility of the first slice at $5; a second slice at $4, and a third slice at $2. If Bobby eats three slices of pizza for lunch, his total utility is equal to
A. $5 less what he had to pay. B. $2, since that’s the marginal utility of the last slice. C. the marginal utility of the third slice. D. $11.
The narrowest definition of the money supply is
A) M1. B) M2. C) the difference between M2 and M1. D) the sum of M1 and M2.
Porter's five forces model is trying to identify things that leads to a company's success
Indicate whether the statement is true or false
Where marginal cost is less than average total cost,
a. opportunity cost must have been excluded from the calculation of marginal cost. b. marginal cost must be falling. c. marginal cost must be rising. d. marginal cost may be rising, falling, or constant.