Alt-A borrowers were those who
A) used mortgages to purchase apartments.
B) chose adjustable-rate mortgages instead of fixed-rate mortgages.
C) borrowed using "interest-only" mortgages.
D) did not provide documentation of their income when applying for a mortgage.
D
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The Who-Needs-A-Doctor? Company makes a do-it-yourself rhinoplasty kit. The company is deciding whether to include a safety feature that would cost $40 for each kit
The company estimates the probability of death without the safety feature is 1/10,000 and the death cost per kit is $50. Based on this information, answer the following questions: a. What is the value the company has placed on a life? b. What is the company's cost-benefit recommendation? c. If the company has overestimated the probability of death and the true probability of death is 1/15,000, what is the true death cost per rhinoplasty kit? d. If the company has overestimated the probability of death and the true probability of death is 1/15,000, what would the true cost-benefit recommendation be for the company? e. If the company has correctly estimated the probability of death but has underestimated by one-half the true value of a life, what is the true death cost per rhinoplasty kit? f. If the company has correctly estimated the probability of death but has underestimated by one-half the true value of a life, what would the true cost-benefit recommendation be for the company?
List the three most common forms of trade barriers
What will be an ideal response?
Suppose Johnson's Rubber Factory belches black smoke into the air over the city of Bellowsville. If the city of Bellowsville attempts to internalize the external costs associated with the production of rubber with a pollution tax, then we expect:
A. at each price, a smaller quantity of rubber will be supplied by Johnson's Rubber Factory. B. at each price, a larger quantity of rubber will be supplied Johnson's Rubber Factory. C. Johnson's Rubber Factory will not change the amount of rubber supplied at each price. D. Johnson's production costs not to change.
When it comes to ________ goods, it is important to remember only one level of output can be realized and consumers are ________ for that level.
A. public; willing to pay different amounts B. private; only willing to pay the same amount C. public; only willing to pay the same amount D. private; willing to pay different amounts