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insens350 [35]
3 years ago
8

Federal Housing Administration (FHA) loans differ from conventional loans in a number of ways. All of the following statements r

egarding FHA loans are true except A) FHA loans are targeted toward first-time homebuyers who are in slightly weaker financial circumstances than the typical prime conventional borrower. B) FHA loans require higher credit scores than are needed for prime conventional loans. C) FHA loans contain lower limits on their maximum size than are available through conforming conventional loans. D) FHA loans are more tolerant in terms of qualifying debt-to-income ratios.
Business
1 answer:
Alekssandra [29.7K]3 years ago
3 0

Answer:

FHA loans require higher credit scores than are needed for prime conventional loans.

Explanation:

As FHA are aimed to help persons that cannot get a credit in the usual financial system the score needed for acquiring the credit is lower than in conventional loans.

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Cap and trade is a proposed market-driven environmental policy that sets limits on the amount of pollution that industry can pro
Daniel [21]
..... it is used by Texans to attract industries to invest in technological techniques or processes that will produce less pollution. Cap and trade is a controlling strategy used by government to control carbon emission and other atmospheric pollutants. Cap and trade put limit on the amount of atmospheric pollutant a company can produce.
7 0
3 years ago
At the end of 2011, retained earnings for the bisk company was $3,050. revenue earned by the company in 2011 was $1,935, expense
Sliva [168]

<u>Calculation of retained earnings beginning balance:</u>


Retained earning beginning balance can be calculated using the following formula:

Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends


Hence using the given information we can solve the equation as follows:


3,050 = Retained earning beginning balance + 1935 – 1065 - 550


3,050 = Retained earnings beginning balance +320

Retained earnings beginning balance = 3050-320 = $2,730


Hence, Retained earnings beginning balance is <u>$2,730</u>


8 0
4 years ago
Assume the owners of the only gambling casino in wisconsin spend large sums of money lobbying state government officials to prot
Oksana_A [137]
When the<span> owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. economists will refer to these expenditures as: Rent-seeking

Rent-seeking expenditure refers to an expenditure that happened in during the effort of lobbying external party in order to gain economic favor.</span>
6 0
4 years ago
If the MPC is 0.75 and there are no crowding-out or accelerator effects, then an initial increase in aggregate demand of $100 bi
umka21 [38]

Answer:

c. $400 billion

Explanation:

Calculation to determine what an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right

First step is to calculate the GDP Multiplier

Using this formula

GDP Multiplier=1/(1-MPC)

Let plug in the formula

GDP Multiplier=1/1-0.75

GDP Multiplier=1/0.25

GDP Multiplier=4

Now let determine the shift in aggregate demand curve

Shift in aggregate demand curve=4*100 billion

Shift in aggregate demand curve= $400 billion

Therefore an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by $400 billion

5 0
3 years ago
What are examples of withdrawals from the circular flow of income? Cheak all that apply.
zalisa [80]

Answer:

1. Sharp increase in taxes affects middle-class families

2. A sports-apparel company cuts jobs as a result of slow sales

3. A fast food chain goes out of business and shuts down all of its restaurants.

Explanation:

The circular flow of income shows the flow of money from economic activities between households and firms. Households receive payments for their services in the form of wages and salaries and use this money to purchase goods and services for consumption from the firms. The firms can use their sales revenue and profits to pay for wages and salaries. This continues in a cycle.

There are injections into and withdrawals out of the circular flow of income. Withdrawals (leakages) can occur in the form of savings, taxes and imports.

1. When there is a sharp increase in taxes, people spend more of their income on paying their taxes. Hence, they have little remaining of disposable income to spend on consumption.

2. When a sports-apparel company cuts down on jobs, many people will lose their salaries or wages. Hence, they would be unable to spend on goods and services produced by the firm. This in turn means lower sales revenue for the firm.

3. As a fast food chain shuts down its operation, a lot of suppliers will lose their sales. At the same time, employees would lose their income. Hence, it is a form of leakage from the circular flow of income.

6 0
3 years ago
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