Subprime borrowers ________
A) are those individuals who owe more on their mortgage than the value of their home
B) possess a relatively low FICO score
C) rely on mortgage-backed securities to support their mortgage applications
D) are those with an income level below the value of their mortgage
B
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Being on the production possibilities frontier implies that increasing the production of one good or service can only be accomplished by decreasing the quantity produced of another good or service.
Answer the following statement true (T) or false (F)
David takes 10 minutes to process a customer, and 20 minutes to stock the shelves. Danny takes 15 minutes to process a customer, and 15 minutes to stock the shelves. Which of the following statements is true?
A) Danny has a comparative advantage in processing customers and in stocking shelves. B) David has a comparative advantage in processing customers but not in stocking shelves. C) Danny has an absolute advantage in performing both tasks. D) Danny has a comparative advantage in processing customers but not in stocking shelves. E) David has an absolute advantage in performing both tasks.
If the Engel curve for a good is upward sloping, the demand curve for that good must be downward sloping
What will be an ideal response?
The fear of making decisions, a form of helplessness, is termed:
a. Agoraphobia b. Decidophobia c. Ultraphobia d. Claustrophobia