The sudden explosion of cheap and readily available mortgages encouraged people to:
A. buy bigger and better homes.
B. become less risk-averse.
C. become more risk-averse.
D. securitize their investments.
A. buy bigger and better homes.
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Hitler's Germany was an example of a _________ economic system.
A. Capitalist B. Fascist C. Communist D. Socialist
The average-fixed-cost curve is always declining. How does this affect the relationship between the AVC and ATC curves?
This graph shows the cost and revenue curves faced by a monopoly. 
According the graph shown, the profit-maximizing decision of the monopolist would be:
A. Q1, P1. B. Q2, P2. C. Q1, P3. D. Q1, P2.
Characteristics of monopolistic competition include all of the following except
A. significant barriers to entry. B. a relatively large number of sellers and buyers. C. small market share for each seller. D. differentiated products.