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4 years ago

Why might the federal government decide to intervene in the housing market to promote home ownership?

1 answer:

6 0

The answer to this question is To make it easier for families to borrow money to purchase a home. Most citizens in united states use real estate as a way to purchase long-term investment as their wealth accumulation.
To ensure citizen's economic safety in the future, it is wise for the government to provide an easier way to obtain home ownership such as cheap mortgages.

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Every business begins with a(n) O a. customer. b. profit. O c. idea. O d. inverton.

VARVARA [1.3K]

Answer:

c an idea

Explanation:

can't have a business without an idea

3 0

2 years ago

You are a valuable member of the student store staff. You handle many of the cash box transactions, moving the daily cash betwee

jasenka [17]

Answer:

I can put a call through to the organisers of the trip explaining that I have cash but it's not within reach and that if they reserved the spot for me, they'd get the money as soon as I can access it. Given that I am a valuable member of the student store staff, that reputation should count in times like this.

To borrow money from the cashbox would be a huge ethical risk and can easily be termed mismanagement of funds especially where the store policy does not allow such.

My value in the store lies largely on my integrity and the trust they students have invested in my person.

I'd rather miss the road trip than make a regrettable unethical decision.

Cheers!

7 0

3 years ago

Sean and Jenny own a home in Boulder City, Nevada, near Lake Mead. During the year, they rented the house for 40 days for $3,000

Dmitry_Shevchenko [17]

Answer:

Sean and Jenny

The deductible net loss for the rental of their home is:

= $18,241.

Explanation:

a) Data and Calculations:

Number of days for rent of $3,000 collected = 40 days

Number of personal use of house = 18 days

Total number of days that the house was in use = 58 days

House Expenses:

Mortgage interest $14,000

Property taxes 3,500

Utilities 1,100

Maintenance 1,300

Depreciation 10,900

Total expenses $30,800

Proportion of house expense:

Rental use = $21,241 (40/58 * $30,800) 69%

Personal use = $9,559 (18/58 * $30,800) 31%

Total expense $30,800

The deductible net loss for the rental of their home is $18,241 ($3,000 - $21,241).

8 0

3 years ago

Pete is a woodworker and charges $125 an hour for his time manufacturing custom-made wood products. For his wife's birthday, he

andreev551 [17]

Answer:

GDP is not affected by Pete's production of the jewelry box.

Explanation:

Pete is a woodworker and works 20 hours to prepare a jewelry box to gift his wife. If Pete prepares this jewelry box to sell and earn revenue, this will be considered in GDP but in this case Pete prepares a jewelry box to give his wife as his wife's birthday gift.

All types of gifts received or given in kind are not included in Gross Domestic Production.

6 0

3 years ago

What is the effect of a 10 percent price increase on quantity demanded if elasticity is infinite?

Julli [10]

Answer:

Demand drops to zero

Explanation:

Infinite elasticity of demand is also called perfect elasticity of demand.

In this scenario the demand for a product is attached to it's price.

There is an infinite change in the quantity demanded as a result of change in price.

Graphically it is a horizontal demand curve as represented in the attached

Even a small increase in price will cause demand to fall to zero.

Examples are luxury goods such as high end cars and expensive jewelry.

4 0

3 years ago

Why might the federal government decide to intervene in the housing market to promote home​ ownership?

Why might the federal government decide to intervene in the housing market to promote home ownership?