A ____________________ loan is a nontraditional mortgage loan granted to persons who have some factor, such as low credit ratings, which suggest that they could default on the repayment of their debt
A) mortgage-backed security
B) collateralized
C) subprime mortgage
D) risk-based mortgage
C
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Assume a country agrees to a free-trade act with another country. In the process, some individuals are displaced from their jobs, thus the free-trade act results in a negative externality
A) False. B) True. C) Only if those who were displaced are not compensated with another job or income transfer. D) Only if those who were displaced were compensated with another job or income transfer.
Refer to the table below. What is the profit-maximizing number of quality units for Fresh Laundry to produce?
Fresh Laundry is a firm that produces laundry detergent. The table above summarizes Fresh Laundry's product quality marginal revenue and marginal cost at various quality levels.
A) 4
B) 6
C) 10
D) 8