Which of the following is not a reason that the cost of owner-occupied housing is difficult to measure?
a) Housing is both an investment and consumption good
b) Buying a house is a one-off expenditure, but the benefits of home ownership are spread over many years
c) Owner-occupiers do not pay rent which is the most straightforward measure of the cost of housing
d) House purchase, when it occurs, is too large a share of total spending
e) Many countries do not have a well developed rental market from which to calculate imputed rents for owner occupiers
d) House purchase, when it occurs, is too large a share of total spending
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The majority of banks in the United States are
a. federally chartered and members of the Fed b. state-chartered banks and members of the Fed c. savings institutions d. state-chartered banks and not members of the Fed e. state-chartered credit unions
Which of the following industries is least likely to exhibit the characteristic of free entry?
a. selling running apparel b. satellite radio c. yoga studios d. wheat farming
The SWOT analysis has been used extensively in other industries but has not been widely used in healthcare.
a. true b. false
The welfare programs undertaken by the U.S. government have been universally successful in reducing poverty and fostering economic growth
a. True b. False Indicate whether the statement is true or false