Suppose the Government Designates Certain Areas Within a Community to Be

question 67

Multiple Choice

Suppose the government designates certain areas within a community to be "wetlands," making it illegal to build on the land. What happens to land not classified as "wetlands" within the community? (i)
The price of non-wetland land will rise.(ii)
The marginal product of non-wetland land will fall.
(iii)
The marginal product of non-wetland land will rise.

• A)(i) and (ii) only
• B)(ii) only
• C)(i) and (iii) only
• D)(iii) only

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Definitions:

American Realist

An artist or writer who focuses on depicting subjects as they are in everyday life, often associated with the late 19th and early 20th centuries in the United States.

American Civil War

A conflict fought from 1861 to 1865 between the United States (Union) and eleven Southern slave states that declared secession and formed the Confederate States of America.

Manet

Édouard Manet, a 19th-century French painter, one of the first artists to approach modern-life subjects, bridging the gap between realism and impressionism.

European Painting

An art form originating from Europe, encompassing a variety of styles, techniques, and movements developed over centuries from the classical to modern periods.