When mortgage loans are securitized, they are
A) bundled together by financial institutions and sold to investors.
B) issued to borrowers with flawed credit histories.
C) issued to borrowers who fail to document their income.
D) guaranteed by the federal government.
Answer: A
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Suzi is a British citizen who works for Yankee Candles in Massachusetts. Suzi's work will be included in:
A. U.S. GDP since she's working for a U.S. firm. B. U.S. GDP since she's working for a firm located in the U.S. C. England's GDP since she's a British citizen. D. both the U.S. and England's GDP.
Proven oil reserves in the world amount to
A. 1,653 million barrels. B. 1,653 barrels. C. 1,653 trillion barrels. D. 1,653 billion barrels.
Many economists believe that the rise in European unemployment from 1960 to 2011 was caused by:
A. generous unemployment benefits. B. the decreased influence of union insiders. C. an increase in the number of younger workers, who have higher rates of unemployment. D. economic inequality.
Modern macroeconomics developed as an attempt to explain:
A. short-run business cycles. B. balance of trade problems. C. long-run growth. D. persistent inflation.