Prior to the housing crisis of 2008, the federal government had been trying to ______ lending standards for low income people to ______ home ownership.
a. raise; decrease
b. raise; increase
c. lower; decrease
d. lower; increase
d. lower; increase
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What do the classical growth theory and the new growth theory predict for global growth amongst different nations? Comment on the accuracy of the predictions
What will be an ideal response?
Refer to Figure 2-10. In the circular flow diagram, market K represents
A) product markets. B) firms. C) households. D) factor markets.
Growth often requires:
A. concurrent improvements in many aspects of the economy. B. governments to invest in one facet of the economy at a time, starting with education. C. governments to invest in one facet of the economy at a time, starting with basic infrastructure. D. governments to invest in one facet of the economy at a time, starting with leapfrog technology.
Suppose losses cause industry Z to contract, and as a result, the prices of inputs used intensively in the industry's production process fall. We know, as a result, that industry Z is: a. an increasing cost industry
b. a constant cost industry. c. a decreasing cost industry. d. experiencing diminishing returns.