The emergence of the subprime mortgage market following the recession of 2001 set off a boom in the housing industry
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
What will be an ideal response?
How is a politician similar to an entrepreneur?
A) Each advances a project solely in the public interest. B) Each advances a project only if the expected marginal benefits equal the expected marginal costs. C) Each advances a project only if the expected marginal benefits exceed the expected marginal costs. D) Each advances a project only if they impose no negative externalities.
If the rate of return is lower than the cost of borrowing the:
A. investor will lose money on net after paying back the loan. B. investor should take out the loan. C. borrower will make money by taking out the loan. D. savers will lose out by taking a loan.
If nominal GDP is $200 billion and the stock of money is $40 billion, the velocity is 5.
Answer the following statement true (T) or false (F)