If a bank offers mortgages that do not require the normal 20% down payment, the bank encourages
A) people who know they might not pay off the mortgage.
B) people who can't afford the down payment but can pay off the mortgage.
C) people who know that they are going to pay off the mortgage.
D) people who know they can't pay off the mortgage but who can afford the down payment.
A
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Microeconomics, as opposed to macroeconomics, includes the study of what determines the
A) unemployment rate in the United States. B) profitability of the airline industry. C) size of the federal deficit. D) rise or fall of the inflation rate.
If income effects are sufficiently strong, it may be the case that labor demand curves slope up.
Answer the following statement true (T) or false (F)
Calculating the value of an economy is more complex than just adding up the value of every single thing that is produced because that would lead to:
A. overcounting, as the value of intermediate products would be counted twice. B. overcounting, as there is a mark-up in everything that is sold. C. undercounting, as most goods are not sold in retail markets. D. undercounting, as only observable markets can be recorded.
Stricter laws and regulations to protect intellectual property rights
A) will help to create a more successful market system. B) will only benefit those companies whose intellectual property rights have in the past been ignored. C) will tend to have little impact on an economy since intellectual property is not tangible. D) will create a stronger and more successful black market for intellectual property.