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Vesnalui [34]
3 years ago
14

Veronica owns a home, and when her children went to college, she was looking for a way to help finance their education. She went

to the bank and borrowed against the appraised value of her home. This is called a home equity loan.a.trueb.false
Business
2 answers:
Wewaii [24]3 years ago
7 0

Answer:

True

Explanation:

Home equity loan is the difference between the fair market value of your home and the amount that you owe on the mortgage.

natali 33 [55]3 years ago
4 0

Answer:

True

Explanation:

Home equity loan is a kind of loan in which a person borrows against the equity of his or her home, i.e the home is used as a collateral. The loan that can be gotten by the individual is dependent on the value of the home or residence and this value can only be determined by an appraiser from the institution providing the loan. In instances when the borrower is unable to repay the loan, the lending institution can foreclose on the home which has been used a collateral.

Home equity loan can be used to finance expenses like education bills, medical bills and so on.

Therefore, Veronica took a home equity loan to help finance her children's education.

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Now that you have studied monopolistic competition, let's see how well you can distinguish a firm in a monopolistically competit
vlabodo [156]

Answer:

<u>Monopolistic Competition:</u>

4. a firm that faces a downward sloping demand curve.

<u>Perfect Competition:</u>

1. a firm that produces with excess capacity in

3. a firm that may earn in an economy profit or loss in the short run

5. a firm that that maximizes profits profit in the long by producing where MR = MC

<u>Both:</u>

2. a firm that has a firm that sets price greater than marginal cost.

Explanation:

7 0
3 years ago
Which of the following statements is true? Select one: A. Breastfed babies are less likely to develop allergies than babies who
ra1l [238]

Answer:

The correct answer is letter "A": Breastfed babies are less likely to develop allergies than babies who are fed infant formula.

Explanation:

Breastfeeding a baby after labor and the following months is crucial for the baby's future health status. Studies reveal that infants tend to develop more health conditions such as <em>allergies, asthma </em>or<em> overweight</em> when they are given formula instead of breastfeeding. The harm is not only from the baby's side but also from the mother's. <em>Ovarian cancer, diabetes, </em>and <em>cardiovascular diseases</em> are caused by not nursing babies.

7 0
3 years ago
A cartel is difficult to maintain for which of the following reasons? A. Consumers substitute away from the good when the price
Ulleksa [173]

Answer:

The correct answer is option B.

Explanation:

A cartel can be defined as a group of independent producers who come together to form a group in order to improve profits. In an oligopoly market, there are few firms in the market. The firms are such that the economic decisions of one firm or producer affects their rivals.  

In such a situation, the firms come together to form a cartel to protect their interests. In a cartel, production limits are set for all producers so that the price is high. But cartels are generally short-lived.  

This is because the individual producers have incentives to cheat the cartel by producing more than a set limit so that they can increase their profit and market share.

4 0
3 years ago
According to Robert Merton, ____________________ occurs when individuals feel social and psychological strain due to a lack of a
ivanzaharov [21]

According to Robert Merton, Anomie occurs when individuals feel social and psychological strain due to a lack of acceptable means for achieving success.

Explanation:

The American sociologist named Robert King Merton. He worked most of his profession at Columbia University where he graduated as a professor of the University.

Anomie is "the state that society gives persons no moral guidance" .

Conflicts between values and social linkages between an individual and the group will contribute to anomia.

Goals can become so relevant that illegal means can be used if the institutionalised means — that is to say, appropriate in compliance to social standards — collapsed. Stronger emphasis on results than means produces a tension that leads to a deterioration of the regulatory structure–that is to say, anomie.

7 0
3 years ago
On December 31, Year 1, a publicly traded entity identified a tax position that will result in a $100,000 tax benefit that quali
Zielflug [23.3K]

Answer:

C $30,000

Explanation:

. A $30,000 result has a 35 percent chance of occurring, but the entity cumulatively has a 55 percent chance of receiving at least a $30,000 tax benefit. As a result, $30,000 is the appropriate amount to recognize.

7 0
3 years ago
Read 2 more answers
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