All of the following are examples of risky mortgages that became more common in the 2000s EXCEPT
A) alt-A mortgages.
B) adjustable-rate mortgages with low rates for a few years and then higher rates in later years.
C) mortgages requiring down payments of at least 20%.
D) subprime mortgages.
C
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All economic activity in the underground economy represents the production of illegal goods and services
Indicate whether the statement is true or false
Small firms borrow from "monitoring-intensive" financial intermediaries in __________ financial systems
A) banking-oriented B) markets-oriented C) banking- and markets-oriented D) socialist
Other things constant, a decrease in consumer income will do which of the following?
What will be an ideal response?
Refer to Figure 22.3 for a perfectly competitive firm. Which of the following statements is true for this firm between the prices of $10 and $15?
A. The firm is experiencing economic losses but should continue to produce. B. The firm is experiencing economic losses and should shut down. C. The firm is experiencing zero economic profits. D. The firm is experiencing economic profits because the market price is greater than or equal to the minimum AVC.