A Financial Advantage of Renting Compared to Purchasing Housing Is

question 18

Multiple Choice

A financial advantage of renting compared to purchasing housing is

• A)income tax treatment.
• B)no need for a down payment.
• C)required security deposit.
• D)the legal obligation.
• E)stable monthly payments.

Apply the principles of opportunity cost and comparative advantage to real-world scenarios.

Recognize the historical significance and impact of policy measures like the Corn Laws on trade.

Understand the rationale behind countries engaging in international trade.

Examine the role of specialization and trade in optimizing global resource distribution.