BUSINESS HIGH SCHOOL

If Ted wants to buy a house and believes that interest rates will rise, he should __________. apply for a fixed-rate mortgage apply for an adjustable-rate mortgage use his credit card wait until a better time

Answers

Answer 1
Answer: Apply for a fixed rate mortgage

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Which phrase describes the income effect?A. the effect of demand and supply on income earned by producers
B. the impact of price on consumers’ purchasing ability and decisions
C. the increased income earned by suppliers because of high prices
D. the impact of consumers’ income on the supply of a product

Answers

Answer: b). the impact of price on consumers’ purchasing ability and decisions.

Explanation:

Effect of a change in the price of good can be decomposed into income effect and substitution effect. When the price of a good falls, the consumer has some extra money left after purchasing the original bundle of goods. So, with this extra money he can buy more of the goods he likes. This is called the income effect. So, we can say that the income effect studies the impact of a price change on consumers purchasing ability and decisions.

b the correct answer is b

Why might a newlywed chinese couple receive the gift of a scroll painting with peonies?

Answers

In China, Peonies is considered as the most dignified and elegant flowers.

It's a common tradition in china to give a newlywed coupe a scroll painting of peonies. It symbolized the wish of success in romance, Happy Marriage, Honor, and wealth

If an individual has a balance on her credit card, but would like to pay less money in the long run, she should _____. make the minimum payment every month talk with her credit card company about removing her annual fee pay as much as possible each month close her account and transfer her balance to a different credit card

Answers

Answer:

pay as much as possible each month

Explanation:

If you pay the minimum amount of money in your credit car thet will eventually generate interests, so if you want to avoid paying more money in the long run you should pay as much money as you can a month in order to start lowering the debt that you have in your credit card and eventually avoid paying interests.
If you have a balance on your credit card but you would like to pay less money in the long run, you should pay as much as possible every month. 

What are real estate investment trust and why might they appeal to investors?

Answers

Answer:

REITs are total return investments.

Explanation:

  • They typically provide high dividends plus the potential for moderate, long-term capital appreciation. Long-term total returns of REIT stocks tend to be similar to those of value stocks and more than the returns of lower risk bonds.
  • REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

What are basic concepts and principles of morality.

Answers

Basic concept of principles of morality is that what is moral to you may not be moral to me. What is wrong to you might not be wrong to me. 
SO every individual has different perspective in each situation thus respect is the only key to avoid issues.

Economics is best defined as the study of A. how the government runs the financial system. B. how people allocate limited resources to satisfy unlimited wants. C. financial markets and making money. D. how to budget personal income.

Answers

Answer: How people allocate limited resources to satisfy unlimited wants.

Explanation:

Economics explains that man's needs are insatiable (this means it can't be completely met), and therefore an individual/entity has to make a scale of preference, to determine the most pressing needs to be met and forgo the others. Economics teaches Individuals on how to allocate resources to where they are most needed.
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