Adjustable-rate mortgages often start out low and then "adjust" to a higher rate after a few years. fixed-rate mortgages are guaranteed to stay at the same rate over the life of a loan, but are usually more highly priced. would you take the risk of buying with a lower-cost adjustable-rate loan? why or why not?

It all depends on the degree of consumer risk aversion. Some consumers are more likely to be at risk than others. If my propensity for risk in the face of the possibility of a premium is greater, I will prefer the adjustable hypotheca, which gives me the chance to pay less in the end. If I am a risk averse consumer, I will prefer a fixed hypotheque that will give predictability to my budget.

explore some of these tourist attractions

the metropolitan museum of art. source: anton_ivanov / shutterstock.

central park. source: gagliardiphotography / shutterstock.

national 9/11 memorial and museum.

empire state building.

statue of liberty.

the museum of modern art (moma)

rockefeller center.

brooklyn bridge.

explanation:

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.