Some Economists Argue That There Were Good Reasons for Housing

question 38

Essay

Some economists argue that there were good reasons for housing price to rise.Explain their argument.

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Definitions:

Intrinsic Task Motivation

Refers to the inner drive or desire to undertake a task for the personal satisfaction and challenge it provides, rather than for external rewards.

Creativity-Relevant Processes

Cognitive and behavioral processes that facilitate creative thinking and ideas, including problem-solving, divergent thinking, and the ability to recognize and exploit novel associations.

Extrinsic Environmental Components

External factors in the environment that can influence the behavior and decision-making processes of individuals or organizations.

Innovation

The process of creating new ideas, products, or methods, which can significantly change and improve the way things are done.