Subprime mortgages are mortgages given to borrowers with excellent credit
Indicate whether the statement is true or false
false
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Which of the following would not increase the price of books?
a. A new literacy program that encourages reading. b. A $10,000 permission fee paid for the right to reprint an author's work. c. An increase in the price of the ink used to print the books. d. Higher costs for the glycerin used to make the glue with which the books are bound.
The motel whose costs are given in the table above has total fixed costs equal to
A) $0. B) $100. C) $200. D) $201.
You decide that it is time to buy a big family car. The opportunity cost you consider is:
a. the cost of the car. b. the increase in comfort for your family while traveling. c. the return this money would have earned if it was invested otherwise. d. the inconvenience you and your family are bearing on account of your old car.
Which of the following is true of index numbers? a. Index numbers are always represented without units
b. The index number for a base year is always less than 100. c. Index numbers can never be more than 120. d. The index number for a year when subtracted from the base year index yields inflation.