The investors who bought mortgage-backed securities just before the housing bubble burst:
A. were not concerned about the original mortgage.
B. were all very comfortable assuming high-risk assets.
C. were not confident in the rising home value underlying each mortgage.
D. knew exactly what they were buying.
A. were not concerned about the original mortgage.
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The marginal social benefit is the:
A. benefit gained by the last user. B. sum of the marginal benefit gained by each individual user. C. total benefit gained by the last user. D. sum of the benefit gained by each individual user.
As price rises, quantity supplied
A. rises. B. falls. C. remains the same.
Economic growth focuses on ________, utility focuses on ________, and the capabilities approach focuses on ________.
A. human development, output, individual pleasure B. human development; individual pleasure; output C. output; human development, individual pleasure D. output; individual pleasure; human development
A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value.
A. real B. implicit C. external D. nominal