Which of the following was true regarding sub-prime mortgages that were popular in 2005-2006?
a. More than 90% of these loans were made by regulated banks.
b. Bankers expected higher default rates on these loans.
c. They were generally fixed rate loans.
d. all of the above
b
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An important assumption in the theory of public choice is that
A) individuals will act within the political process to maximize their individual well-being. B) individuals will act within the political process to maximize their collective well-being. C) individuals will only operate outside the political process when their well-being is involved. D) scarcity does not exist in the government sector.
The purchasing power parity theory is useful in making ____ predictions about exchange rates and their fluctuations
a. long-run b. intermediate-run c. medium-run d. short-run
At any given quantity, the cost of the marginal seller is the height of the __________
Fill in the blank(s) with correct word
Over a year, a nation's GDP at current prices rose by 15 percent while the price index increased from 100 to 110. GDP at constant prices rose by about:
a. 7 percent b. 3 percent c. 5 percent d. 9 percent