Variable-rate mortgages decrease the risks associated with unexpected inflation
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Refer to Figure 4.8. How many stable Nash equilibrium points are there in this game?
A) 0 B) 1 C) 2 D) 3
Using the data in the table above, what is the value of GDP?
A) $13,516 billion B) $10,679 billion C) $9,541 billion D) $8,403 billion
According to Friedman, the apparent conflict between cross-section data which shows a saving rate that varies with income group and time-series data which shows that the saving ratio over the past century is fairly constant is resolved by
A) pointing out that cross-section and time-series data are not comparable. B) interpreting the low saving of poor people as due to the fact that they must buy necessities. C) interpreting the high saving of rich people as due to the transitory nature of much income earned by the rich. D) distinguished between a permanent marginal propensity to consume and a transitory marginal propensity to consume.
If 50 units of resources can produce either 1 ton of sugar beets or 100 lb. of ham in Germany, while 90 units of resources can produce either 2 tons of sugar beets or 300 lb. of ham in Poland,
a. Poland has a comparative advantage in producing both goods b. Germany has a comparative advantage in producing sugar beets c. neither country has an absolute advantage in producing sugar beets, but Poland has an absolute advantage in producing ham d. Germany can produce more ham than Poland can e. mutually beneficial international trade is not possible