When Prices of New Houses Rise Significantly Faster Than Rent

question 78

Multiple Choice

When prices of new houses rise significantly faster than rent prices,this is evidence of a

• A) debt-deflation process.
• B) bubble.
• C) financial crisis.
• D) sovereign debt crisis.

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Definitions:

Noncompete Provision

A clause in a contract that prohibits an individual from entering into or starting a similar profession or trade in competition against another party, usually the employer, for a certain period of time.

Pharmacy

A facility or establishment where prescription drugs are prepared and dispensed by licensed professionals, as well as where various healthcare advice may be provided.

Covenants

Legally enforceable promises contained in a contract or agreement.

Competing

Engaging in an effort to win or succeed against others, often in business, sports, or other areas of life.