Jordan has the following assets and liabilities:Two cars$10,000House$200,000Mortgage$100,000Cash$1,000Car loans$3,000Checking account balance$2,000Credit card balance$1,000 What is Jordan's wealth?

In November 2012, HP claimed that they had weak earnings due to questionable accounting by a company that they had taken over. This is an example of:

A) market risk B) systemic risk C) idiosyncratic risk D) liquidity risk

After Joyce and Larry purchased their first house, they made additional home improvements in response to increases in income. After a while, their income rose so much that they could afford a larger home

Once they realized they would be moving, they reduced the amount of home improvements. Their Engel curve for home improvements on their current home is A) negatively sloped. B) flat. C) positively sloped. D) backward bending.