Based on the graph showing how the subprime share of home mortgages grew rapidly before the big decline, at the peak of the use of subprime loans in 2005, the gap between the share of subprime mortgages and adjustable mortgage rates was ______ the typical historical difference.
a. perfectly in line with
b. slightly smaller than
c. slightly greater than
d. dramatically greater than
d. dramatically greater than
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Why might it be a bad idea to engage in first-degree price discrimination?
A. Price discrimination is illegal and can lead to lawsuits and lost customers. B. The information needed does not exist and scarce resources should not be used searching for it. C. Price discrimination in any form is not viable for most companies as a way to increase profits. D. The information needed can be costly and can lead to decreased profits for the company.
Suppose Paul Allen deposits $1 million cash into his checking account at Bank of America. If the required reserve ratio is 20%, what is the maximum amount of required reserves that this deposit will generate in the banking system?
A) $1 million B) $4 million C) $5 million D) $25 million
Since 1950
A) economic expansions in the United States have been so short that expansions barely exist. B) the average length of expansions in the United States have become shorter as compared to before 1950. C) the average length of expansions in the United States have become longer as compared to before 1950. D) the average length of expansions in the United States are about the same length as compared to before 1950.
Refer to the diagram for a monopolistically competitive producer. This firm is experiencing:
A. a shortage of production capacity.
B. excess capacity of CD.
C. excess capacity of DE.
D. diseconomies of scale.