Which of the following was true regarding subprime mortgages that were popular in 2005–2006?
A. More than 90 percent of these loans were made by regulated banks.
B. Bankers expected higher default rates on these loans.
C. They were generally fixed rate loans.
D. All of these responses are correct.
Answer: B
Economics
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Most economists are opposed to the "living wage" concept in foreign labor agreements because:
a. it is barely enough for survival. b. most workers in low-income nations already earn more. c. workers should never earn more than the managers. d. it is well above the market wage, and many workers in poor nations would lose the opportunity to be employed.
Economics
Based on the above table, which shows the firms and sales in an industry, what is the approximate value of the Herfindahl-Hirschman Index?
A) 1,660 B) 2,300 C) 4,800 D) 10,000
Economics