Which of the following were factors in the financial crisis of 2007-2008?
A. Securitization.
B. Mortgage default crisis.
C. Subprime mortgage loans.
D. All of these.
Answer: D
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The dollar price of a good relative to the average dollar price of all other goods and services is the good's:
A. nominal price B. equilibrium price C. market price D. real price
If the opportunity cost of 1 wristwatch is 4 wall clocks in Japan and 2 wall clocks in Germany, it makes sense for Japan to produce wristwatches
Indicate whether the statement is true or false
Which of the following is a short-run decision?
A. Because of an increase in enrollment, the economics department hires two new professors. B. After a new classroom building is built, the economics department hires two new professors. C. Your college builds a new classroom building. D. The economics department buys new computers for the professors.
If Apple Computer Corporation constitutes a sizeable share of your current stock holdings, the purchase of which of the following stocks would provide you with the greatest reduction in risk?
A) Hewlett Packard B) Dell Computer Corporation C) McDonalds D) Gateway