Which One of the Following Would Not Be a Good

question 109

Multiple Choice

Which one of the following would not be a good use of a home equity loan?

• A)Paying for a college education
• B)Buying a new boat
• C)Putting a new roof on your house
• D)Paying medical bills
• E)Adding a deck on the back of your house

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Definitions:

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

National Debt

The net accumulation of federal budget deficits.

Rate of Unemployment

The percentage of the labor force that is jobless and actively seeking employment.

Normative Economic Statement

A statement that reflects opinions or judgments about what ought to be in economics, focusing on the desirability of certain economic policies or outcomes.