Recall the Application. The loans made to borrowers who have a limited ability to actually repay their mortgages are known as
A) no-fault loans. B) stimulus loans. C) bankruptcy loans. D) subprime loans.
D
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The costs affecting decisions to supply always lie in the
A) future. B) opportunities already forgone. C) past. D) present. E) surplus between demand and supply.
The individual pictured in Figure 5.2
A) must be risk-averse. B) must be risk-neutral. C) must be risk-loving. D) could be risk-averse, risk-neutral, or risk-loving. E) could be risk-averse or risk-loving, but not risk-neutral.
Since 1970, the poverty rate has largely fluctuated between:
A. 5 and 10 percent. B. 0 and 5 percent. C. 15 and 25 percent. D. 10 and 15 percent.
The statistical discrepancy account:
a. accounts for services. b. accounts for gifts to foreigners. c. is included to ensure a balance between debits and credits in the capital account. d. estimates transactions that were omitted from the official reporting process. e. causes the net balance in the balance of payments to be negative.