All of the Following Illustrate Lessons Learned Regarding the 2008-2009

question 115

Multiple Choice

All of the following illustrate lessons learned regarding the 2008-2009 financial crisis, except

• A) housing conditions have a strong impact on the economy.
• B) economic conditions affect the demand for homes.
• C) sellers were able to attract potential buyers by slightly reducing sale prices.
• D) allowing unqualified mortgage applicants to qualify for mortgages hurt the housing market.

---

Definitions:

Impose

To forcibly apply or introduce rules, taxes, punishments, or ideas onto others without their consent.

Will

The mental faculty by which an individual decides upon and initiates action, or in legal contexts, a document specifying the distribution of someone's estate after their death.

Annihilate

To destroy completely, leaving nothing remaining.