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Page 1
8. A simplified version of reality that is used to clarify economic situations is called a(n):
A) economic fact.
B) current event.
C) model.
D) scarce resource.
9. An economic model:
A) is useful for explaining past economic conditions but not for predicting.
B) often leads to faulty conclusions because of the ceteris paribus assumption.
C) allows nothing to change in the economic situation that is being described.
D) is a simplified version of reality used to understand real-world economic
conditions.
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13. Before 2000, investors were reluctant to buy mortgage-backed securities because:
A) economic models predicted that they were bad investments.
B) they were illegal in many states.
C) they could not calculate the risk of losing money on mortgage-backed securities.
D) it was difficult to obtain the foreign currencies that were required for purchasing
them.
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travers l'Espagne
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Language: French
HECTOR FRANCE
DEUXIÈME MILLE
PARIS
G. CHARPENTIER ET Cie, ÉDITEURS
11, RUE DE GRENELLE, 11
1888
Tous droits réservés
DU MÊME AUTEUR
Sous presse :
Les Anglais peints par eux-mêmes 1 vol.
En préparation :
La Fille du Christ 1 vol.
H. F.
SAC AU DOS
A TRAVERS L’ESPAGNE
I
ENTRÉE EN ESPAGNE