Author Question: Which major asset experienced a price bubble just before the housing price bubble of 2006-2009? ... (Read 40 times)

Davideckstein7 · **on:** Jul 1, 2018

Which major asset experienced a price bubble just before the housing price bubble of 2006-2009?

A) Internet or tech-stocks
B) Tulip bulbs
C) Japanese real estate
D) Railroad stocks

Question 2

You have just won a cash award of 500 for academic excellence.

A) The substitution effect of this award will be larger than its income effect.
B) The income effect of this award will be larger than its substitution effect.
C) The substitution and income effects will be of identical size.
D) It is impossible to know whether the substitution effect is larger than the income effect or vice versa.