The Added Value Resulting from the Combination of Two or More

question 30

Multiple Choice

The added value resulting from the combination of two or more parcels of land is called

• A) replacement value.
• B) liquidation value.
• C) plottage value.
• D) subjective value.

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Definitions:

Productivity

The assessment of the effectiveness with which products and services are created, commonly measured by the amount of output for each input unit.

Output

The total amount of goods and services produced by an economic system, typically measured over a specific time period.

Productive Input

Resources, such as labor, materials, and machinery, used in the production process to create goods or services.

Industrial Policy

Government policies aimed at improving the economic and competitive environment for businesses, often focusing on sectors believed to be significant for economic growth.