Air Rights May Be Included in the Definition of Real

question 23

True/False

Air rights may be included in the definition of real property.

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Definitions:

Tax Cost

The economic expense associated with the imposition of taxes, including the burden on consumers or producers.

Resources Allocation

It involves distributing available resources among various competing needs or projects in order to achieve desired objectives or optimize outcomes.

Paradox of Voting

The situation where the cost of voting (time, effort) exceeds the apparent personal benefits, yet people still vote.

Majority Voting

A decision-making process where the option that receives more than half of the votes is chosen.