The housing market of the early to mid-2000s did not feature:
a. "teaser rates" on home mortgages.
b. a dramatic rise in housing prices.
c. widespread calls to end "predatory" lending practices.
d. "subprime" mortgages.
c. widespread calls to end "predatory" lending practices.
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When Ford increases the production of cars in Romania, which of the following occurs?
A) GDP in the United States rises. B) GNP in the United States rises. C) GNP in Romania rises. D) Both A and C occur.
An individual consumes only hamburgers and milkshakes. The last hamburger consumed yields 25 utils of satisfaction, while the last milkshake consumed yields 10 utils of satisfaction. If the price of a hamburger is $2.50 and the price of a milkshake is $1.50, we can conclude that: a. the consumer should consume more hamburgers and fewer milkshakes. b. the consumer should consume more milkshakes
and fewer hamburgers. c. the consumer has achieved consumer equilibrium. d. the consumer should buy only milkshakes.