The same tools that were intended to allocate funds and spread risk more efficiently in the housing market made it:
A. easier to keep everyone fully informed.
B. more difficult to keep everyone fully informed.
C. easier to understand the true risk involved with these assets.
D. more difficult to justify buying mortgage-backed securities over other low-risk assets.
B. more difficult to keep everyone fully informed.
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In the classical model, desired saving
A) is inversely related to real income. B) exceeds investment. C) is equal to desired investment. D) is less than desired investment.
According to the U.S. Constitution, if government seizes your land through eminent domain, it must be taken for public use
Indicate whether the statement is true or false
Low-wage manufacturing industries exhibit which of the following?
(a) Low output per worker (b) Added value that rises above labor's share of total employment (c) Highly educated and skilled workers (d) All of the above
In 2010, high-income families (the top 20 percent) in the United States earned approximately ____ percent of the total before-tax income
a. 34 b. 48 c. 62 d. 79