Which of the Following Statements Is True of Purchasing Property

question 41

Multiple Choice

Which of the following statements is true of purchasing property abroad?

• A) Foreigners who purchase property in Dubai are not allowed to do business.
• B) In Mexico, non-U.S. citizens are allowed to own property within 30 miles from the coastline or 60 miles from any U.S. border.
• C) U.S. mortgage companies generally finance purchases of foreign real estate.
• D) It is advantageous to purchase property in the European Union, as the political system is likely to remain stable.

---

Definitions:

Circular Flow Model

Goods and services flow from business firms to households in exchange for consumer expenditures, while resources flow from households to business firms in exchange for resource payments.

Supply Products

The activity of making goods available to consumers, often involving manufacturing, distribution, and sale processes.

Demand Resources

The various inputs or factors that contribute to the demand side of the economy, influencing the quantity of goods and services demanded.

Sweden

A country in Northern Europe known for its high standard of living, comprehensive welfare system, and as a member of the European Union, but not using the euro as its currency.