The recession that set in after December 2007 can be attributed to:
a. an increase in expenditure on war
b. a decline in home prices and an increase in foreclosures.
c. an increase in terrorist activities.
d. crop failures around the world.
e. an increase in oil prices in the international market.
b
Economics
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The basic problem with the government setting an absolute poverty line is that it is
a. completely objective. b. somewhat arbitrary. c. unconstitutional. d. based on average income.
Economics
Jordan has the following assets and liabilities:Two cars$10,000House$200,000Mortgage$100,000Cash$1,000Car loans$3,000Checking account balance$2,000Credit card balance$1,000 What is Jordan's wealth?
A. $109,000 B. $107,000 C. $111,000 D. $213,000
Economics