(4 points) Affordability has become a big issue in the United States, especially regarding the ability of young adults to purchase a home. In response to this issue, the President of the United States recently suggested that banks offer 50-year mortgages to address this affordability issue. Based on what you have learned in this course, do you think that the president’s proposal of a 50-year mortgage would actually make purchasing a home more affordable? Why or why not?  Provide a detailed and clearly written argument using complete sentences. Tip: Include some numbers/calculations to make your argument more convincing.

Which of the following is an unsecured loan?

A high credit score generally indicates:

When saving and investing, be mindful of how ling money is tied up because:

Disproportionately high poverty rates are impacted by:

The international poverty line is about:

Asset ownership has which of the defining effects?

Absolute poverty:

Multiple production department factory overhead rates are most useful when production departments significantly differ in their manufacturing processes.

When a single plantwide factory overhead rate is used, the amount of overhead costs allocated to the different products is the same regardless of the direct labor hours used to produce them.