Which of the following statements is true?
A) A bar chart can only be used to represent independent variables.
B) A bar chart does not allow for the comparison of a single variable across many segments.
C) A bar chart has many limitations in comparison to pie charts.
D) A bar chart indicates the frequency of a variable by using rectangles of different heights or lengths.
D
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Mortgage insurance protects lenders when a borrower defaults by making up any shortfall needed to repay the loan if the sale of the property doesn't cover the debt Federally regulated lenders must have mortgage insurance on loans where the buyer's down payment is less than 20 per cent of the price. In this example, what signal do potential homeowners give to indicate they are low-risk?
A) indicating high income B) buying an expensive home C) having a large down payment D) buying an inexpensive home
In the Keynesian model with efficiency wages
A) the full-employment line is determined where the quantity of labor demanded equals the quantity of labor supplied. B) the full-employment level is determined at the intersection of the labor demand curve and the efficiency wage line. C) an increase in labor supply increases employment. D) a decrease in labor supply shifts the FE line to the left.
Which of the following is an example of price discrimination?
a. A Burger King in New York City charging more for a hamburger than a Burger King in Manhattan, Kansas. b. A clothing store offering shirts at ten dollars each or two for fifteen dollars. c. A movie theater charging lower ticket prices to children and senior citizens. d. A car dealer charging higher prices for cars with air conditioning.
Since the National Basketball Association is the only significant employer of professional basketball players, it might be referred to as a(n)
A. oligopsony. B. monopsony. C. oligopolist. D. monopoly.