Answer:
The primary factor influencing demand for housing is the price of housing. By the law of demand, as price decreases, the quantity of housing demanded increases. The demand for housing also depends on the wealth of households, their current income, and interest rates.
Answer:
- We need to study how to recognize a bias in American Government in order to understand that the legislation that are made by the government government sometimes influenced bu interest group, so it might only benefit a select few who have enough wealth to influence the government.
(For example, government decision to let nature exploitation might benefit a certain industry while hurting the people who live around them)
- Recognizing this will definitely help us become better-informed citizens. We can always see if the decisions made by the government actually benefit the ones who need it or a select few who doesn't necessarily need government help.
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