Which of the Following Would Be Most Likely to Increase

question 11

Multiple Choice

Which of the following would be most likely to increase the price of a new house?

• A) higher wages for carpenters, higher wood prices, increases in consumer incomes, higher apartment rents, increases in population, and expectations of higher house prices in the future
• B) lower wages for carpenters, lower wood prices, increases in consumer incomes, higher apartment rents, increases in population, and expectations of higher house prices in the future
• C) lower wages for carpenters, higher wood prices, decreases in consumer incomes, higher apartment rents, decreases in population, and expectations of higher house prices in the future
• D) lower wages for carpenters, lower wood prices, decreases in consumer incomes, lower apartment rents, decreases in population, and expectations of lower house prices in the future

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Definitions:

Statute

A written law passed by a legislative body at the federal or state level.

Common Law

A body of unwritten laws based on legal precedents established by the courts, used predominantly in England and countries influenced by English legal systems.

Hydraulic Fracturing

A process used in the oil and gas industry to increase the flow of oil or gas from a well by injecting high-pressure fluid into the surrounding rock.

Fracking

A method of extracting natural gas or oil from the earth by injecting fluid into subterranean rocks at high pressure.