What is meant by a subprime mortgage?
What will be an ideal response?
A subprime mortgage does not meet key standards of credit worthiness. And, there are original issue junk bonds, where little is known about the riskiness of the issuer.
You might also like to view...
If the economy is slipping into a recession, which of the following would be an appropriate fiscal policy?
A) a decrease in oil prices B) a decrease in government purchases C) a decrease in taxes D) an increase in the money supply and a decrease in interest rates
What conclusion did the 1962 University of Chicago study on the burden of the corporate tax rate make?
What will be an ideal response?
In recent decades, richer countries have experienced __________ inequality, and poor countries have experienced ____________ inequality.
A. increasing; decreasing B. decreasing; increasing C. increasing; increasing D. decreasing; decreasing
Macland can produce 150 sweaters or 75 bushels of rice. Microland can produce 50 sweaters or 50 bushels of rice. What country has a comparative advantage in rice?
a. Macland and Microland can produce rice at the same opportunity cost. b. Macland can produce rice at a lower opportunity cost. c. Microland can produce rice at a lower opportunity cost. d. Microland can produce rice at a higher opportunity cost