Which of the following goods has the property of rivalry?
A) national defense
B) a highway
C) air to breath
D) an outdoor movie screening
B
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By the height of the housing bubble in 2005 and early 2006, lenders had greatly loosened the standards for obtaining a mortgage loan, with many mortgages being granted to ________ borrowers with flawed credit histories and ________ borrowers who did
not document their incomes. A) adjustable rate; shadow-banking B) "fresh-start"; prime rate C) sub-prime; "Alt-A" D) "credit crunch"; black market
A person who argues that inflation "robs us of the purchasing power of our paychecks" should also consider that inflation
a. increases the value of the dollar, making paychecks worth more. b. will increase the size of paychecks as well as the prices of goods. c. does not affect the value of the dollar, either in paychecks or in prices. d. only affects the prices of things that we buy, not the prices of things that we sell.