House a Has an Ocean View and House B Does

question 40

Multiple Choice

House A has an ocean view and House B does not.In all other respects,the two houses are the same.The market price of house A is $2,800,000; the market price of house B is $2,600,000.The ocean view is therefore valued at

• A) $200,000.
• B) $1,950,000.
• C) -$700,000.
• D) $2,700,000.

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Definitions:

State Governments

These are the governments of the individual states within a federal system, each having its own constitution and the authority to legislate on matters not reserved for the federal government.

Local Governments

Administrative bodies that govern a smaller area within a country, such as a city, town, or county.

Incorporation Process

The legal concept in which the U.S. Supreme Court has applied the protections of the Bill of Rights to the states using the Fourteenth Amendment.

Fourteenth Amendment

A constitutional amendment adopted in 1868 that grants citizenship to all persons born or naturalized in the United States, including former slaves, and provides all citizens with “equal protection under the laws.”