Which of the following is a government sponsored enterprise that funds or guarantees a substantial number of mortgage loans in the U.S.?
a. Fannie Mae
b. Freddy Mac
c. both A and B above
d. neither A nor B above
c
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Should the level of pollution be reduced to zero, and if not, then to what level?
What will be an ideal response?
Which of the following functions of government gives property owners the incentive to use their property efficiently?
A) making sure that courts are lenient on people who steal private property B) the protection of property rights C) the enforcement of antitrust legislation D) the financing of public goods
Imagine that two years ago you inherited $20,000 and put it into an account paying a fixed 8 percent annual interest rate. How much money do you have in your account now?
a. $22,880.00 b. $23,200.00 c. $23,232.00 d. $23,328.00
Which of the following describes the relationship of price and quantity supplied based on the law of supply?
a. Firms are willing to produce a greater quantity of a good when the price of the good is higher. b. Firms' production levels are not correlated with the price of a good. c. The supply curve slopes downward. d. As price increases, producers have more market power than consumers.