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iren2701 [21]
3 years ago
14

In a recent news release Bloomberg.com reported that the existing home sales declined in December of 2012 (the released article:

"Existing Home Sales Decline as U.S. Supply Dwindles", January 22, 2013). As is obvious from the title of the article, the author blamed the reduction in the level of sales on a reduction in the supply of existing homes (existing homes are homes that had already been owned, i.e. not new construction). Which of the following explanations might justify this blame?
Homeowners expect housing prices to increase in the future

Homeowners expect housing prices to decrease in the future

Homebuyers expect housing prices to decrease in the future

Homebuyers expect housing prices to remain constant.
Business
1 answer:
stich3 [128]3 years ago
3 0

Answer:

The correct answer is Option (A) Homeowners expect housing prices to increase in the future

Explanation:

Existing home sales decline was attributed to reduction in the supply of existing homes. The owners of existing homes would not sell their property only if they believe that home prices will increase in the future. Therefore, they can sell the property at a higher price later.

Had homeowners believed that home prices will decline in the future, the owners would have put-up existing houses for sale so that they get a better price now than wait to see the price decline.

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Suppose that: (1) the United States has a comparative advantage in producing chemicals; (2) Costa Rica has a comparative advanta
prohojiy [21]

Answer: If the United States eliminates its import quotas on Costa Rican sugar, <em><u>consumer surplus for American consumers of sugar products will rise.</u></em>

Here, the United States has finally decided to eliminates its import quotas on Costa Rican sugar. This will further allow the producer in Costa Rica to export more quantity of this commodity.

8 0
3 years ago
In 1981, 16 percent of wives earned more than their husbands. what was the percentage as of 2005?
AnnZ [28]
Given that <span>In 1981, 16 percent of wives earned more than their husbands.

It is reported that in 2005, about 26% of wives earned more than their husbands.</span>
7 0
3 years ago
Cold Creek Kayaks, a manufacturing company, has beginning finished goods inventory of $25,000; cost of goods manufactured of $32
Lelu [443]

Answer:

The cost of goods available for sale is $345,000

Explanation:

Beginning finished goods inventory   $25,000

Cost of Goods manufactured           $320,000

Cost of Goods available for sale,

             =  Beginning finished goods inventory + Cost of Goods manufactured

             = $25,000 + $320,000

            = $345,000

6 0
3 years ago
What is Virgo sign means
atroni [7]

Answer: Virgo is an earth sign historically represented by the goddess of wheat and agriculture, an association that speaks to Virgo's deep-rooted presence in the material world. Virgos are logical, practical, and systematic in their approach to life. ... Virgo is governed by Mercury, the messenger planet of communication.

Explanation: But I'm a Taurus and I'm the queen of all Zodiac signs

Leos are the Kings of all Zodiacl signs and I'm lucky I'm on the day of the Taurus zodiac change April 20th and my birth mineral is Crytal. Or Diamond

7 0
2 years ago
Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of
EastWind [94]

Answer:

How much may Adrian deduct?

This depends on whether the museum is private or not. If the museum belongs to a public charity or a university, then Adrian can deduct full fair market value = $35,000. Since Adrian's AGI is $80,000, she could donate up to $40,000 (half her AGI).

But if the museum is a private organization, then Adrian can deduct only her basis in the vase = $15,000

How would your answer to Part a change if, instead of displaying the vase, the museum sold the vase to an antique dealer?

Once you donate artwork, unless you strict prohibit the museum from selling it, then they can sell it and you cannot do anything about it. Some donors specific certain terms for their donations, e.g. artwork cannot be sold and it must be exhibited at least a certain amount of time, in certain places, etc. But if Adrian didn't include any clause on her donation, then whatever happens to the vase is up to the museum.

Currently, museums are less likely to accept restricted donations, unless of course the artwork is worth it.

4 0
3 years ago
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