When housing prices fall, as they did beginning in 2006 following the housing market bubble, consumption spending on furniture, appliances, and home improvements ________ as many households found it ________ to borrow against the value of their homes

A) declined; easier
B) declined; harder
C) increased; easier
D) increased; harder

Answer: B

Economics

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Using the above table but now the bakery bakes 30 pizzas and 240 loaves of bread (alternative B), moving from alternative B to alternative D, what is the opportunity cost of one pizza pie?

A) 2.5 loaves of bread B) 2 loaves of bread C) 0.5 loaf of bread D) 150 loaves of bread

Economics

Welfare recipients as a percentage of the US population after the welfare reforms in 1994?

a. True b. False

Economics