Foreclosure is when a:
A. person is forced to sell his home for less than what it is currently worth.
B. person is forced to sell his home for less than what he still owes for it.
C. bank takes ownership of a property because the property owner cannot make the mortgage payments due.
D. person is forced to sell his home for less than what he paid for it.
Answer: C
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If the world real interest rate were to fall below the rate at which domestic saving and investment would be equal ________
A) saving would be greater than investment so the economy would be running a trade deficit B) investment would be greater than saving so the economy would be running a trade deficit C) investment would be greater than saving so the economy would be running a trade surplus D) saving would be greater than investment so the economy would be running a trade surplus E) none of the above
According to supply siders, tax cuts should increase aggregate supply
a. True b. False Indicate whether the statement is true or false
If government saving is negative (that is, if government is running a budget deficit), crowding out may occur. Crowding out could lead to all of the following EXCEPT
A) higher interest rate. B) decreased private saving. C) decreased quantity of investment. D) a smaller capital stock in the future.
Which of the following statements are true concerning the labor force participation rate?
i. The labor force participation rate for women in the United States has increased since 1959. ii. The labor force participation rates for women across different countries have converged to about 50 percent. iii. The labor force participation rate for men in the United States has decreased since 1959. A) i and ii B) i, ii and iii C) i and iii D) iii only E) i only