The federal government has encouraged home ownership through ________
A) an increase in home prices
B) an increase in domestic interest rates
C) a decrease in the implicit rent on residential housing
D) allowing mortgage interest to be tax deductible
D
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When an investment bank ________ securities, it guarantees a price for a corporation's securities and then sells them to the public
A) underwrites B) undertakes C) overwrites D) overtakes
A theory asserts that consumers will purchase less of a good at higher prices than they will at lower prices, ceteris paribus. However, when the average price of cars increased throughout the 1990s, more cars were purchased. Which of the following best explains the apparent conflict between theory and data? a. The ceteris paribus assumption is valid
b. It is likely that variables other than the price and quantity of cars demanded were changing. c. The theory is valid. However, the price and quantity data gathered by researchers was clearly measured incorrectly. d. The theory must be invalid.