L
little dragon
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14. Which of the following best explains why buying a single-family home in a city is a good investment?
Mortgage payments on houses are generally lower than rent on urban apartments.
Housing prices in cities generally increase more quickly than anywhere else.
Low crime rates in the city make it safe to invest in a single-family home.
Living in the city puts people in closer proximity to high-paying jobs.
15. Which of the following commodities has the most inelastic supply?
Housing
Labor
Food
Transportation
16. Consumers are most likely to be priced out of the option to buy a home when there's an increase in which of the following?
Investment in housing construction.
The supply of housing.
Mortgage interest rates.
Government subsidies to home-buyers.
17. A rapid increase in the population of a city or town is most likely to lead to which of the following?
Low housing prices.
Higher-paying jobs.
A seller's market.
A drop in population density.
18. Which of the following areas provides residents with close access to high-paying jobs and cultural attractions?
The city
Exurbs
Rural areas
The suburbs
19. A calculation of the amount that the average person can afford to buy is a way of measuring which of the following?
Standard of living
The inflation rate
National income
Unemployment
Mortgage payments on houses are generally lower than rent on urban apartments.
Housing prices in cities generally increase more quickly than anywhere else.
Low crime rates in the city make it safe to invest in a single-family home.
Living in the city puts people in closer proximity to high-paying jobs.
15. Which of the following commodities has the most inelastic supply?
Housing
Labor
Food
Transportation
16. Consumers are most likely to be priced out of the option to buy a home when there's an increase in which of the following?
Investment in housing construction.
The supply of housing.
Mortgage interest rates.
Government subsidies to home-buyers.
17. A rapid increase in the population of a city or town is most likely to lead to which of the following?
Low housing prices.
Higher-paying jobs.
A seller's market.
A drop in population density.
18. Which of the following areas provides residents with close access to high-paying jobs and cultural attractions?
The city
Exurbs
Rural areas
The suburbs
19. A calculation of the amount that the average person can afford to buy is a way of measuring which of the following?
Standard of living
The inflation rate
National income
Unemployment