Which government program would be considered an "entitlement" program?
A) national defense
B) subsidies for mass transportation
C) law enforcement in major U.S. cities
D) Social Security
D
Economics
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One of the necessary conditions for the classical model to be TRUE is that
A) wages were flexible and prices are fixed. B) wages and prices are fully flexible. C) wages and prices are partly flexible. D) wages and prices will not change.
Economics
An insurance company holding a single-home mortgage should be most concerned about the mortgage's __________ risk
A) default B) prepayment C) price fluctuation D) collateral
Economics