Reducing the maximum LTV is likely to ________ demand and thus ________ the housing price increase
A) decrease; slow down
B) increase; slow down
C) decrease; speed up
D) increase; speed up
A
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There are fewer than half as many publishers of college textbooks in the United States now as a generation ago. Three companies alone account for almost two-thirds of the sale of new textbooks
This market situation characterized by very few sellers is known as A) an oligopoly. B) perfect competition. C) pure monopoly. D) monopolistic competition.
A price floor set above the equilibrium price causes a surplus in the market
a. True b. False Indicate whether the statement is true or false
Buyers and sellers receive market signals
A) from news announcements of the government. B) through the price system. C) from the gossip columns in the newspapers. D) from their friends and acquaintances.
Welfare programs differ from social insurance programs in that welfare programs
A. Are available only to people who do not work. B. Offer benefits only to the needy. C. Are event-based. D. Have low target efficiency.