After World War II millions of mortgages were provided by two federal government agencies, the __________ and the ____________.
Fill in the blank(s) with the appropriate word(s).
Veterans Administration; Federal Housing Administration
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A sudden fall in housing prices in Potentia has lowered the confidence of households. Assuming all else equal, this is likely to lead to a(n) ________
A) increase in the demand for construction workers B) fall in the unemployment rate C) increase in the overall price level D) decline in current consumption
As the relative price of a good falls, the substitution effect implies that people buy
A) less of that good and more of its substitutes. B) more of that good and less of its substitutes. C) less of that good and less of its substitutes. D) more of that good and more of its substitutes.
Oxnard Rims, Inc., has $5 million in assets and $2 million in debt. During the course of the year, it takes in $1 million in net revenue after deduction of all costs (except for interest) and incurs interest expenses of $500,000. Oxnard Rims, Inc., pays an average tax rate of 35% on its profit. Calculate the percentage return on equity after taxes for the corporation. If the market interest rate is 12.5%, do you think Oxnard Rims pleased its investor for the preceding year?
What will be an ideal response?
If the current margin is greater than the desired margin,
a. MR=MC
b. MR>MC
c. MR