Home price escalation in the U.S. during 2005 fueled booms in
A. Iraq and Afghanistan.
B. mortgage foreclosures and home demolition.
C. home building and home equity lines of credit.
D. stocks of dot com startups in Silicon Valley and U.S. government bonds.
Answer: C
You might also like to view...
If the price level rises by 3 percent and workers' money wage rates increase by 2 percent, then the
A) quantity of labor demanded will decrease. B) quantity of labor demanded will increase. C) quantity of labor demanded does not change because there is no change in the real wage rate. D) real wage rate increases.
Critics of government frequently assert that special interest groups favor transfer policies rather than economic growth policies
Indicate whether the statement is true or false
Which of the following is NOT a communication pattern?
a. chain b. circle c. wheel d. arc
The existence of scarcity means that
A. the government will step in to eliminate the scarcity. B. firms working with the government will allocate resources to eliminate the scarcity. C. there are not enough resources to satisfy unlimited human wants. D. firms will increase their production to eliminate the scarcity.