In comparing the traditional way of structuring mortgages and the newer structure of providing mortgages that securitized them and insured those securities with credit-default swaps, it is clear that the ________ structure allowed fewer people to afford homes and that the ________ structure was safer to the health of the overall economy.
A. newer; newer
B. traditional; traditional
C. newer; traditional
D. traditional; newer
Answer: B
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The Leontief Paradox
A) failed to support the validity of the Heckscher-Ohlin model. B) supported the validity of the Ricardian theory of comparative advantage. C) supported the validity of the Heckscher-Ohlin model. D) failed to support the validity of the Ricardian theory. E) proved that the U.S. economy is different from all others.
________ unemployment is short term, but ________ unemployment can last for longer periods because workers need time to acquire new skills
A) Cyclical; frictional B) Structural; seasonal C) Seasonal; frictional D) Frictional; structural
The process of analyzing a problem in reverse-starting with the last choice, then the second-to-last choice, and so on, to determine the optimal strategy-is called:
A. backward induction. B. backward thinking. C. forward thinking. D. backward working.
A decrease in the rate of inflation will increase the rate of unemployment.
Answer the following statement true (T) or false (F)