A home mortgage is a good example of:
A. a high risk loan.
B. an unsecured loan.
C. the problem of adverse selection.
D. a secured loan.
Answer: D
You might also like to view...
Countries that grew the fastest over the last 100 or so years had average growth rates of real income per person of about
a. 1.5 percent per year. b. 2.0 percent per year. c. 2.5 percent per year. d. 3.0 percent per year.
What impact do tax rebates have?
What will be an ideal response?
The amount consumers are willing and able to buy at a particular price during a specified period of time is the
A. demand. B. quantity supplied. C. supply. D. quantity demanded.
If the price of labor falls relative to the price of capital, and as a result the quantity of capital employed decreases, then it can be concluded that:
A. The substitution effect is greater than the output effect B. The output effect is greater than the substitution effect C. The income effect is greater than the output effect D. Labor cannot be easily substituted for capital