Subprime lending gained popularity because of all of the following, except:
A. investing in a home was seen as the safest investment one could make.
B. it was meant to encourage those with risky credit to make a safe investment.
C. the value of homes had not fallen for over 60 years.
D. helping poor to own a home.
D. helping poor to own a home.
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Cigarettes served as money in some POW camps during World War II. Given this fact, we would expect to observe
A) no one ever smoking a cigarette. B) people usually resorting to barter rather than using cigarettes as money. C) prices of other goods expressed in terms of cigarettes. D) only government-issued cigarettes being accepted as money.
By using more labor to produce more output, a firm can always reduce its
A) marginal cost. B) average variable cost. C) average total cost. D) average fixed cost.