Three Hurricanes, Combined with the Already High Real-Estate Prices, Have

question 116

Multiple Choice

Three hurricanes, combined with the already high real-estate prices, have made people reconsider whether to retire to Florida. The cost of homeownership has increased due to stricter building codes. The influx of retirees is expected to rise. Which of the following factors is tending to move the demand curve for Florida housing to the right?

• A) The aging of the baby boomers, increasing the number of people who are retiring
• B) The increase in the cost of insurance
• C) The already high real-estate prices
• D) The current high construction costs

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Definitions:

Psychological Testimony

is the expert evidence or opinion provided by psychologists or mental health professionals in legal proceedings, often about the mental state of individuals.

Diagnose Mental Disorders

The process of determining through examination and analysis which mental disorder explains a person's symptoms and behaviors.

Provincial Statutes

Laws or regulations enacted by the legislative authority of a province or territory within a country.

NCRMD

Stands for Not Criminally Responsible on account of Mental Disorder, a legal defense in some jurisdictions for individuals who commit crimes but are found to be mentally ill at the time.