Recall the Application about the attempt to form a salt cartel in the 19th century to answer the following question(s).Recall the Application. One of the primary goals of the salt producers who tried to form a cartel was to:

Mortgage-backed securities are similar to ________ but the interest and principal payments are backed by the individual mortgages within the security

A) bonds B) stock C) repurchase agreements D) negotiable CDs

It may be misleading to label a trade deficit as unfavorable or adverse because:

A. the multiplier does not apply to a trade deficit. B. a trade deficit increases a nation's aggregate output and employment. C. a nation's consumers benefit from a trade deficit during the period it occurs. D. a trade deficit precludes inflation.