A bank might make mortgages to people in different regions of the country. By doing so
a. the bank reduces the risk it faces from falling house prices in its region and falling prices in all regions.
b. the bank reduces the risk it faces of falling house prices in its region but not from falling prices in all regions.
c. the bank reduces the risk it faces of falling house prices in all regions, but not the risk it faces from falling house prices in its regions.
d. the bank reduces neither the risk it faces from falling house prices in its region nor falling prices in all regions.
b
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The above figure shows a labor market with a minimum wage of $8 an hour. The value of the resources workers are willing to use in their job search equals the distance between point ________ and point ________
A) a; d B) a; b C) b; c D) a; c E) c; d
Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television
How much does the quantity demanded for DVRs change if the p rises by $40? A) drops by 10,000 DVRs B) increases by 16,000 DVRs C) drops by 2,500 DVRs D) increases by 4,000 DVRs
The process of examining the numbers and determining what they mean, what the past was, and what the future will be for a company or entity is known as
a. finance b. budgeting c. economics d. accounting e. none of these
During the last half of 2012, the U.S. unemployment rate was above the natural rate and real GDP growth was low. Which of the following is the most likely unemployment rate for this time period?
a) 5 percent b) 6 percent c) 8 percent d) 4 percent