Mortgage loans made to borrowers with a more limited ability to repay are known as
A. subprime mortgages.
B. credit default swaps.
C. leveraged securities.
D. mortgage-backed securities.
Answer: A
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U.S. tariffs on Canadian lumber have led to ________ production of lumber within the United States
A) the elimination of B) making illegal the C) an increase in D) a decrease in E) no change in
From an economist's perspective, information is a product, but differs from other goods and services in all of the following ways except which one?
A) It is expensive to produce, but cheap to communicate. B) One firm's use of information does not prevent other firms from simultaneously using the exact same information. C) It is expensive to produce, but cheap to copy. D) Information created by firms cannot be protected through government laws.
If the U.S. dollar appreciates relative to the British pound, then we pay fewer dollars for a pound
Indicate whether the statement is true or false
Suppose there is a firm that has no fixed costs. At the point where marginal cost equals average variable cost,
a. fixed cost is rising b. marginal cost is rising c. average total cost is rising d. average variable cost is falling e. there is no total cost