A subprime mortgage loan is a loan granted to persons who
A) have unusually good credit ratings and who represent a very low risk of default on the debt repayment.
B) are borrowing funds to purchase a business, rather than a home.
C) might have low credit ratings or some other factors that lead lenders to believe that they could default on the debt repayment.
D) work for the government, rather than those who work in the private sector.
C
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Which of the following explains the relatively high growth rate of output in China since 1980?
A) accumulation of capital B) technological progress C) a transition from central planning to a market economy D) all of the above
Which of the following is the most common form of business organization in the United States?
A) proprietorship B) partnership C) corporation D) S-corporation