According to the authors, all of these are factors that laid the groundwork for the disaster in the United States in 2008 EXCEPT:
a) borrowing was expensive
b) real estate became the investment of choice
c) mortgage originators peddled "Liar Loans"
d) banks securitized the poison and spread it around
Ans: a) borrowing was expensive
Business
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Wallace's executive team reviews the stages of the international product life cycle to understand better what to expect when the product is sold overseas
Since there is virtually no export market for the product at present, the product is most likely in which of the following stages of the international product life cycle? A) maturing product stage B) new product stage C) product decline stage D) standardized product stage
Business
The sample covariance may never be negative
Indicate whether the statement is true or false
Business