Affirmative action laws require employers to search for qualified minority applicants but not to necessarily give them jobs.

A simplified representation of a particular problem is a:

A) model. B) constant. C) hypothesis. D) law.

The "housing bubble" discussed in the text book refers to:

A. housing prices rising much more quickly than the rest of prices in the economy. B. housing prices within a certain area of the U.S. rising disproportionately with the rest of houses in the economy. C. an unexplained increase in the demand for houses which caused the prices of houses to rise. D. a supply shock to the housing market, which caused housing prices to increase.