The securitization of mortgages was first carried out by
A) Fannie Mae and Freddie Mac.
B) WorldCom and Enron.
C) the Federal Deposit Insurance Corporation (FDIC).
D) Sarbanes-Oxley.
A
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The above figure shows the apartment market in Big City. If a government policy results in a shortage of 1,500 apartments in the Big City rental market, it is most likely that the Housing Authority has imposed
A) a rent ceiling of $1500.00 monthly. B) a rent ceiling of $1000.00 monthly. C) a rent floor of $1500.00 monthly. D) a rent floor of $1000.00 monthly.
One possible benefit of a monopoly is:
a. a more efficient allocation of resources; only one firm is needed to supply quantity demanded. b. greater incentives for research due to long-run positive economic profits. c. the government is better able to ensure that it follows laws and guidelines because there is only one firm to monitor. d. goods and services are provided at a lower price than under perfect competition because of a monopoly's decreasing average cost curve.