Author Question: According to this Application, some households were willing to take on considerable mortgage debt ... (Read 57 times)

londonang · **on:** Jun 29, 2018

According to this Application, some households were willing to take on considerable mortgage debt because

A) they realized the mortgage debt would be more than offset by the tax deductions they could take on the interest paid on their mortgage loans.
B) this was a safe investment in light of the rapidly increasing inflation in the economy.
C) the government's federal home mortgage insurance program would compensate them for any loss in value they may realize based on the purchase price of their homes.
D) they were confident they could make money as the values of their homes increased.

Question 2

In 1995, the United States threatened to impose 100 percent tariffs on ________ from ________ if it didn't loosen its protectionist policies.

A) light trucks; Germany B) brandies; France
C) auto parts; Japan D) luxury cars; Japan