Other Things Being Equal, If the Property Tax Rate Is

question 15

True/False

Other things being equal, if the property tax rate is above the national average for a jurisdiction, capital can be expected to flow out of the region in that area.

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Definitions:

Short-Run Instability

A situation in economics where variables such as output, employment, and prices are subject to frequent fluctuations over a short period.

Agriculture

The activity of farming the land, cultivating plants, and breeding animals for human needs and sustenance.

Causes

The reasons or motives behind certain events, actions, or outcomes, identifying why something happens.

Bumper Crop

An unusually large harvest of crops in a particular year.