When the housing market bubble burst, many people found that:
A. they owed more than their house was now worth.
B. it was much easier to sell their home.
C. the value of their homes exceeded their mortgage loans.
D. there was a limited number of houses for sale.
A. they owed more than their house was now worth.
You might also like to view...
The parties to a contract usually try to minimize the risks of costly opportunistic behavior by putting appropriate provisions in it
Indicate whether the statement is true or false
The declared purpose of antitrust policy is to promote competition, yet some would say it actually may prevent competition. Explain the two sides of the debate.
What will be an ideal response?
Moe has a big exam tomorrow. He considered studying this evening, but decided to hang out with Curly instead. If neither activity involves any explicit costs, and Moe always chooses rationally, it must be true that:
A. Moe gets less benefit from spending time with Curly than from studying. B. Moe gets more benefit from spending time with Curly than from studying. C. the opportunity cost of studying is greater than the value Moe gets from spending time with Curly. D. the opportunity cost of studying is less than the value Moe gets from spending time with Curly.
The M1 money supply is defined to be the sum of currency, traveler's checks, and:
A. checkable deposits. B. Treasury bonds. C. savings accounts. D. large time deposits.