Many cities in California have severe land-use laws and ordinances, which effectively takeoff the market large amounts of land for residential or commercial construction
If the demand for housing increases in these cities without any increase in the stock of housing or commercial buildings then what is the likely impact that this will have on home prices and commercial structures? How might this affect where corporations choose to locate factories?
Prices for homes and commercial structures are likely to rise. This may have the effect of forcing corporations to build factories in the suburbs where land-use restrictions are more lax.
You might also like to view...
If real salaries decrease but nominal salaries do not, this means that
A) prices have risen. B) prices have fallen. C) prices have not changed. D) the purchasing power of money has increased.
Under the original Sherman Antitrust Act, violators were guilty of a misdemeanor
a. True b. False Indicate whether the statement is true or false
Policies that reduce the incentive for households to save include
a. means-testing. b. College and university financial aid administration. c. inheritance taxes. d. All of the above.
The pattern in which insurance is purchased more frequently by those who are the most costly for companies to insure is referred to as:
A. risk aversion. B. statistical discrimination. C. moral hazard. D. adverse selection.