The economic benefits of owning a home are greater when home prices are
a. falling and interest rates are high.
b. rising and interest rates are low.
c. rising and interest rates are high.
d. falling and interest rates are low.
b
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In order to lessen the monitoring problems and opportunistic behavior of a franchisor and a franchisee, franchise contracts:
a. create provisions for high liquidated damages. b. are complete in all respect. c. have similar fixed charge and royalty arrangements. d. include certain flexible clauses.
Looking at housing cycles over time (the cycles get smaller with each successive wave) the first wave typically spans
a. 0 to 5 years b. 5 to 10 years c. 10 to 15 years d. 15 to 20 years e. 25 to 30 years
Which of the following is not a financial intermediary?
A. The New York Stock Exchange B. A bank C. An insurance company D. A mutual fund
Why do government regulators not enforce marginal cost pricing for natural monopolies? What are the common regulatory solutions?
What will be an ideal response?