Brad has a steady job, solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit to add to his assets.Which of the following illustrates the most economically sound choice for Brad?
A.buying both a car and a home
B.leasing both a car and home
C.buying a car and leasing a home
D.leasing a car and buying a home

Answers

Answer 1
Answer: The right answer here is A - of the possible answers listed for this question, the most economically sound choice for Brad is likely to be buying both a car and a home. This is due to the fact that leasing either a car or home will not help Brad build up equity or add to his assets.

Related Questions

Prices of smartphones (assume that this is a normal good) have fallen in recent years. Over this same period, the price of the components used to produce smartphones has also fallen and consumer incomes have risen. Which of the following best explains the falling prices of smartphones?
for the greeting in a business letter when you don't know the name of the person who will be reading it, which of the following is least likely to conform to present day usage
Jen is starting a nonprofit store she plans to sell handmade African scarves and jewelry. Which economic question(s) would Jen still need to answer?
Suppose the price of a substitute to lcd televisions rises. what effect will this have on the market equilibrium for lcd​ tvs? the equilibrium price of lcd tvs will:_________ a. increase and the equilibrium quantity will increase. b. not change and the equilibrium quantity will not change. c. decrease and the equilibrium quantity will increase. d. increase and the equilibrium quantity will decrease. e. decrease and the equilibrium quantity will decrease.
What happens when a spelling checker does not have a suggestion for a misspelled word

3. There are concerns about an increase in unemployment due to the slowdown in manufacturing. a) What effect would an increase in the unemployment rate have on the equilibrium wage? (3 marks)

Answers

Equilibrium wage means that it is the wage paid on employees where supply and demand are equal.

All persons looking for work at the going wage will be able to find jobs in an equilibrium setting.

an increase in the unemployment rate will result to a decrease on the equilibrium wage.
The equilibrium wage is a wage that is a result of a equilibrium of demand and supply, meaning that a lower or higher wage would change the demand or the supply.

If there is an increase in unemployment, then it means that the supply of workers has increased, while the demand for them is steady; this would drive the equilibrium prize down

What is one course of action available in every problem solving process

Answers

You must consider both consequences, the positive and the negative. Then you must think of a way that you will have a win-win situation or just do the compromising to be able to solve the problem and have a faster solving process.

The idea generating technique most often used in writing business letters is

Answers

Answer:

free writing

Explanation:

The first public discussion of retirement security took place in

Answers

The first public discussion of retirement security was in 1935.

Your credit at a bank is based on your ability to pay back a loan.

Answers

The answer is True. Your credit at a bank is based on your ability to pay back a loan. You should also have a collateral. Your collateral shows your assets in terms of land, building and etc.
It's true but it's also determined by whether you pay your bills on time

One way newspapers are classified is by structures of advertising agencies. type of advertisers. frequency of delivery. subscription rates. closing date.

Answers

Answer:

One way newspapers are classified is by:

frequency of delivery.

Explanation:

Newspapers are classified into morning and evening dailies, weeklies, etc.  Some newspapers are delivered only in the morning while others are delivered in the evening.  Others may be delivered weekly, bi-monthly, monthly, etc.  These frequencies of delivery determine the classification of the newspaper.  A newspaper that is delivered daily is known as a daily newspaper while the other delivered weekly is called a weekly newspaper, and so on.