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Elliot and Margaret Are Neighbours

question 30

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Elliot and Margaret are neighbours.Elliot built a swimming pool in his backyard at a cost of $10 000.That pool increased the value of Elliot's property by $15 000.One side of that pool extends 1 metre onto Margaret's property.It would cost $7000 to rebuild the pool so that it does not touch Margaret's land.Which of the following statements is TRUE?


Definitions:

Middle Class Americans

Refers to individuals or families who fall within the middle segment of income distribution, typically characterized by a moderate level of income, education, and occupational prestige.

Last 40 Years

Refers to the most recent four decades, a period used to discuss trends, changes, and developments in various contexts such as social, economic, or technological.

Incomes

The money received, typically on a regular basis, for work or through investments.

One Person, One Vote

A principle asserting that all individuals should have an equal vote in elections, emphasizing the equality of each vote's value.

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