If the Price of the House You Just Bought Went

question 66

Multiple Choice

If the price of the house you just bought went up:

• A)you are worse off because you pay higher taxes for the same house.
• B)you are better off because you can substitute among a wide variety of items in your consumption bundle.
• C)you are better off because you made a quick capital gain.
• D)you are worse off because you face higher prices in the economy.

---

Definitions:

Referred as "Honey"

A term of endearment that may be used to address or describe someone in an affectionate manner.

Physical Stamina

The ability of the body to sustain prolonged physical activity without becoming overly tired.

Tai Chi

A traditional Chinese martial art practiced for both its defense training and its health benefits, often featuring slow, precise movements to enhance physical and mental well-being.

Briskly Walk

A form of aerobic exercise that involves walking at a fast pace, typically used to improve cardiovascular health.