Question

question 7 1 pts which best describes why renting a place to live is generally cheaper than buying a home? mortgage interest rates are generally higher than the interest rates on other loans. housing prices can go up and down quickly in comparison to the level of rents. apartments and town houses are usually much smaller than single - family houses. renters dont own anything as a result of their payments, while homeowners do. question 8 1 pts instructions: match each agency on the left with its main responsibilities on the right. federal trade commission (ftc) choose securities and exchange commission (sec) choose federal reserve choose protects consumers from unfair business practices and enforces antitrust laws regulates the stock market, protects investors, and enforces laws against insider trading controls the nations money supply, sets interest rates, and regulates banks to stabilize the economy

Explanation:

For Question 7:

• When renting, renters do not build equity (own something as a result of payments) like homeowners who build equity over time as they pay off the mortgage. Mortgage interest rates are not generally higher than other loans in a way that directly explains the rent - buy cost difference. Housing price volatility is more about investment risk rather than the direct cost of rent vs buy. The size difference (apartments/townhouses vs single - family) is not the core reason for rent being cheaper as buying can also involve smaller properties (like condos).

For Question 8:

• The Federal Trade Commission (FTC) is known for protecting consumers from unfair business practices and enforcing antitrust laws. The Securities and Exchange Commission (SEC) regulates the stock market, protects investors, and enforces laws against insider trading. The Federal Reserve controls the nation's money supply, sets interest rates, and regulates banks to stabilize the economy.

Answer:

Question 7: Renters don't own anything as a result of their payments, while homeowners do.
Question 8:

• Federal Trade Commission (FTC): Protects consumers from unfair business practices and enforces antitrust laws
• Securities and Exchange Commission (SEC): Regulates the stock market, protects investors, and enforces laws against insider trading
• Federal Reserve: Controls the nation's money supply, sets interest rates, and regulates banks to stabilize the economy