The Purpose of Zoning Regulations Is to ________

question 72

Multiple Choice

The purpose of zoning regulations is to ________.

• A)restrict the growth of businesses
• B)contain similar types of activities in suitable locations
• C)help new businesses "incubate" in their startup period
• D)build the traffic volume for retail and service businesses

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Definitions:

Institutional Arrangements

The formal and informal rules, organizations, and practices that structure economic, political, and social interactions in societies.

Coordinating Mechanism

A system or method used to align actions and activities among different parties to achieve a common goal or objective.

Economizing Problem

The choices necessitated because society’s economic wants for goods and services are unlimited but the resources available to satisfy these wants are limited (scarce).

Consumer Desire

The inclination or preference of consumers towards certain products or services they wish to purchase.