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One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:
- a)Consumer spending will be higher thirteen years from now than it is today
- b)More people buy houses in the month of February than in any other month
- c)During the winter months, the prices of single family homes are the lowest
- d)Warm winter weather is likely to affect the rate of home sales
Correct answer is option 'D'. Can you explain this answer?
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One of the warmest winters on record has put consumers in the mood to ...
This is clearly the best answer because the paragraph directly states that warm weather affects consumers inclination to spend. It furthers states that the sales of single-family homes was at an all-time high. There is no support for choice a or c. Choice b is wrong because even though there were high sales for a particular February, this does not mean that sales are not higher in other months. Choice d presents a misleading figure of 4 million. The paragraph states that the record of 4.75 million was at an annual, not a monthly, rate.
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One of the warmest winters on record has put consumers in the mood to ...
Warm winter weather is likely to affect the rate of home sales
The given paragraph states that the winter season, which is typically characterized by colder weather, has been unusually warm. This warm winter weather has put consumers in the mood to spend money, resulting in the expectation of strong consumer spending. Additionally, the paragraph mentions that during the month of February, sales of existing single family homes hit an annual record rate of 4.75 million.
Impact of warm winter weather on home sales
The given information suggests that the warm winter weather has had a positive impact on the rate of home sales. Here's why:
1. Consumer behavior: The warm winter weather has influenced consumers' spending behavior. Typically, colder winter weather may discourage people from making big purchases like homes. However, with the warm weather, consumers are more likely to be in the mood to spend money, which includes purchasing homes.
2. Increased consumer confidence: The mention of "one of the warmest winters on record" indicates that the weather conditions have been consistent throughout the winter season. This extended period of warm weather may have boosted consumer confidence, making them more willing to make significant purchases like homes.
3. Record-breaking home sales: The paragraph also highlights that during the month of February, sales of existing single-family homes reached an annual record rate of 4.75 million. This indicates that the warm weather has positively impacted the rate of home sales, as more people are likely to be interested in buying homes during this time.
4. Strongest spending in thirteen years: The mention of spending being the strongest in thirteen years further supports the idea that warm winter weather has influenced consumer behavior and increased the rate of home sales. This high level of spending suggests that people are more inclined to invest in big-ticket items like homes.
Therefore, based on the information provided, it can be concluded that warm winter weather is likely to affect the rate of home sales positively.
The given paragraph states that the winter season, which is typically characterized by colder weather, has been unusually warm. This warm winter weather has put consumers in the mood to spend money, resulting in the expectation of strong consumer spending. Additionally, the paragraph mentions that during the month of February, sales of existing single family homes hit an annual record rate of 4.75 million.
Impact of warm winter weather on home sales
The given information suggests that the warm winter weather has had a positive impact on the rate of home sales. Here's why:
1. Consumer behavior: The warm winter weather has influenced consumers' spending behavior. Typically, colder winter weather may discourage people from making big purchases like homes. However, with the warm weather, consumers are more likely to be in the mood to spend money, which includes purchasing homes.
2. Increased consumer confidence: The mention of "one of the warmest winters on record" indicates that the weather conditions have been consistent throughout the winter season. This extended period of warm weather may have boosted consumer confidence, making them more willing to make significant purchases like homes.
3. Record-breaking home sales: The paragraph also highlights that during the month of February, sales of existing single-family homes reached an annual record rate of 4.75 million. This indicates that the warm weather has positively impacted the rate of home sales, as more people are likely to be interested in buying homes during this time.
4. Strongest spending in thirteen years: The mention of spending being the strongest in thirteen years further supports the idea that warm winter weather has influenced consumer behavior and increased the rate of home sales. This high level of spending suggests that people are more inclined to invest in big-ticket items like homes.
Therefore, based on the information provided, it can be concluded that warm winter weather is likely to affect the rate of home sales positively.
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One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:a)Consumer spending will be higher thirteen years from now than it is todayb)More people buy houses in the month of February than in any other monthc) During the winter months, the prices of single family homes are the lowestd)Warm winter weather is likely to affect the rate of home salesCorrect answer is option 'D'. Can you explain this answer?
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One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:a)Consumer spending will be higher thirteen years from now than it is todayb)More people buy houses in the month of February than in any other monthc) During the winter months, the prices of single family homes are the lowestd)Warm winter weather is likely to affect the rate of home salesCorrect answer is option 'D'. Can you explain this answer? for Electrical Engineering (EE) 2024 is part of Electrical Engineering (EE) preparation. The Question and answers have been prepared according to the Electrical Engineering (EE) exam syllabus. Information about One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:a)Consumer spending will be higher thirteen years from now than it is todayb)More people buy houses in the month of February than in any other monthc) During the winter months, the prices of single family homes are the lowestd)Warm winter weather is likely to affect the rate of home salesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Electrical Engineering (EE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:a)Consumer spending will be higher thirteen years from now than it is todayb)More people buy houses in the month of February than in any other monthc) During the winter months, the prices of single family homes are the lowestd)Warm winter weather is likely to affect the rate of home salesCorrect answer is option 'D'. Can you explain this answer?.
One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:a)Consumer spending will be higher thirteen years from now than it is todayb)More people buy houses in the month of February than in any other monthc) During the winter months, the prices of single family homes are the lowestd)Warm winter weather is likely to affect the rate of home salesCorrect answer is option 'D'. Can you explain this answer? for Electrical Engineering (EE) 2024 is part of Electrical Engineering (EE) preparation. The Question and answers have been prepared according to the Electrical Engineering (EE) exam syllabus. Information about One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:a)Consumer spending will be higher thirteen years from now than it is todayb)More people buy houses in the month of February than in any other monthc) During the winter months, the prices of single family homes are the lowestd)Warm winter weather is likely to affect the rate of home salesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Electrical Engineering (EE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for One of the warmest winters on record has put consumers in the mood to spend money. Spending is to be the strongest in thirteen years. During the month of February, sales of existing single family homes hit an annual record rate of 4.75 million. This paragraph best supports the statement that:a)Consumer spending will be higher thirteen years from now than it is todayb)More people buy houses in the month of February than in any other monthc) During the winter months, the prices of single family homes are the lowestd)Warm winter weather is likely to affect the rate of home salesCorrect answer is option 'D'. Can you explain this answer?.
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