What is a sub-prime housing loan?
A. A housing loan made at an interest rate below the prime rate.
B. A housing loan made at a low interest rate to a unqualified customer.
C. A housing loan made at a high interest rate to a unqualified customer.
D. A housing load made at a fixed rate of interest.
C. A housing loan made at a high interest rate to a unqualified customer.
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The figure above shows Sam's budget line. Which of the following combinations of gasoline and coffee are not available to Sam?
A) 40 gallons of gasoline and 0 pounds of coffee B) 32 gallons of gasoline and 4 pounds of coffee C) 8 gallons of gasoline and 8 pounds of coffee D) 16 gallons of gasoline and 16 pounds of coffee
A U.S. tariff on French wine will likely benefit U.S. wine producers and the U.S. government (by increasing tax revenue), but harm U.S. wine drinkers and French wine producers
a. True b. False Indicate whether the statement is true or false
Refer to Exhibit 6-2. The unemployment rate in year 4 is
a. 12 1/2 percent. b. 72 percent. c. 87 1/2 percent. d. 10 percent. e. 90 percent.
"It would be an undue hardship to require people whose income is below $15,000 per year to pay income taxes." This statement reflects which of the following principles for a tax?
a. Ability-to-pay b. Inexpensive-to-collect c. Fairness of contribution d. Benefits-received