Matt fishes for tuna at a cost of $4 per ton. John fishes at a cost of $6 per ton. Each has a 1000 ITQ. The current market price is $8 per ton. What amount could Matt pay John to induce him to sell his ITQ?

In the long-run the ISLM model predicts that ________ can change real output

A) only monetary policy B) only fiscal policy C) both monetary and fiscal policy D) neither monetary nor fiscal policy

Mortgage loans made to borrowers with a more limited ability to repay are known as

a. subprime mortgages. b. credit default swaps. c. leveraged securities. d. mortgage backed securities.