"Exotic" mortgages require a down payment of at least 20%.
Answer the following statement true (T) or false (F)
False
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All of the following are examples of residential investment spending except
A) the purchase of a new apartment building by a property management company. B) Sandra purchases her childhood home from her parents. C) the purchase of a new home by the MacGregor family. D) Tobias purchases a new duplex and plans to live in one half and rent the other half to his brother Dorian.
When "rent controls" result in a shortage of housing, landlords
A) use criteria other than price to allocate housing. B) lower the price to allocate the housing. C) attempt to attract renters. D) None of the above.
The balance of payments always balances, because each of the specific accounts must, by definition, be in balance
a. True b. False
Externalities are benefits or damages conferred upon people who are directly involved in an exchange of a good or service.
Answer the following statement true (T) or false (F)