One of the contributing factors to the financial crisis of 2007-2009 was that mortgage lending practices were ____________ strict in the late 1990s and early 2000s, compared to earlier periods such as the 1970s and 1980s, which led to a(n) _______________ in subprime and other nontraditional mortgage loans
A) less; increase
B) more; increase
C) less; decline
D) more; decline
A
Economics
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Which of the following is NOT a defining characteristic of perfectly competitive industries?
A) many buyers and sellers B) unrestricted entry and exit C) consumer knowledge about prices charged by each firm D) higher prices being charged for certain name brands
Economics
Refer to Figure 12-9. At price P2, the firm would produce
A) Q2 units. B) Q3 units. C) Q4 units. D) zero units.
Economics