Suppose the Government Designates Certain Areas Within a Community to Be

question 71

Multiple Choice

Suppose the government designates certain areas within a community to be "wetlands," making it illegal to build on the land.What happens to land not classified as "wetlands" within the community? (i) The price of non-wetland land will rise.
(ii) The marginal product of non-wetland land will fall.
(iii) The marginal product of non-wetland land will rise.

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(ii) only

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Definitions:

Rights Dispute

A disagreement over the legal or contractual rights between two or more parties, often involving interpretation or enforcement of those rights.

Grievance

A complaint or protest regarding unfair treatment, especially one made by an employee against their employer or working conditions.

Traditional Union Contracts

Agreements negotiated between labor unions and employers that outline wages, working conditions, and other employment terms for union members.

Grievance Procedures

Formal processes through which employees can complain about workplace issues or conditions, typically outlined in labor contracts.