The term "bottleneck" refers to
a. when increasing amounts of variable inputs must share a fixed input.
b. "fixity" of some factor of production
c. None of the above
d. Both a and b
d
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Of the sources of external funds for nonfinancial businesses in the United States, corporate bonds and commercial paper account for approximately ________ of the total
A) 5% B) 10% C) 32% D) 50%
In the mortgage securitization process, "tranching" means:
a. Separating mortgage cash flows into securities of varying risks and returns. b.Pooling risks by combining mortgages with high and low credit ratings. c. Creating a whirlpool of speculative activity by offering easy credit terms to borrowers who do not have the capacity repay their loans. d. Creating new incentives for families to own homes. e. None of the above.