That portion of the value of owners' property that exceeds the amount of their mortgage debt is called
A) equality.
B) escrow.
C) surplus.
D) equity.
Answer: D) equity.
Economics
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The production of an industrial good in a plant emits harmful gases that cause breathing difficulty. Which of the following will happen if the government imposes a Pigouvian tax on the plant?
A) Marginal external cost will increase. B) Marginal private cost will fall. C) The quantity supplied of the good will decrease. D) The demand for the good will increase.
Economics
What are the main rules of the Budget Enforcement Act of 1990?
What will be an ideal response?
Economics