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Which of the following best explains why people with higher incomes favor buying a home over rentingAsk us anything?
Wiki User
∙ 6y ago
Buying is an investment but its also more expensive
Wiki User
∙ 6y ago
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What is an economic definition of normal good?
Normal goods are any goods for which demand increases when incomes go up, and for which demand decreases when incomes go down. Normal goods tend to be luxury goods. If incomes go up, more people will be yachts. If incomes go down, fewer people will be yachts.
In a market economy the money incomes of individuals depend primarily upon?
In a market economy, the money incomes of individuals depend primarily upon
How are market economies similar to command economies?
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,
What is slave economy?
An economy that is based on the incomes derived from slave labor.
Did incomes changed enough to offset the inflation since 2000?
yes
what of the following groups tends to have less access to the Internet than the average American?
Americans with low incomes.
What of the following is not a responsibility of the Federal Reserve System?
It guarantees loans to individuals with low household incomes
What reason best explains why economists use consumer confidence to evaluate the economy?
Consumer confidence is closely related to joblessness, inflation, and real incomes.
What reason best explains why economists use consumer confidence surveys to evaluate the economy?
Consumer confidence is closely related to joblessness, inflation, and real incomes.
When was Incomes Data Services created?
Incomes Data Services was created in 1966.
What is the relationship between lifestyle and incomes?
The relation ship between lifestyle and incomes are Incomes is the money you earn if you you have to much it si hard to keep track of it.
What a boom phase in a capitalist economy?
Employment, profits, and incomes are high.Employment, profits, and incomes are low
Suppose that US incomes rise relative to British incomes Then?
The dollar will depreciate and the pound will appreciate.
Why are Americans taxed in proportion to their incomes?
The ability-to-pay principle of taxation states that people with higher incomes have a greater ability to pay taxes than people with lower incomes.
What reflects a boom phase in capitalist economy?
Employment, profits, and incomes are high.Employment, profits, and incomes are low
What did the union government tax in order to help meet the cost of war?
Individual's Incomes
Can two people get a loan using both incomes?
IF they want to be co-borrowers they can use both incomes to purchase.
