Externalities Can Play an Important Role in Determining a Property's

question 23

Multiple Choice

Externalities can play an important role in determining a property's price, either by adding value through positive externalities or by diminishing value through negative externalities. Which of the following is most likely to be considered a negative externality?

• A) Nearby parks and recreation facilities
• B) Quality neighborhood schools
• C) Public assistance facilities such as homeless shelters.
• D) Well-kept landscapes.

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Definitions:

Humid Climate

A type of climate characterized by high levels of humidity and precipitation, typically found in tropical regions.

Pine

A type of evergreen tree that belongs to the genus Pinus, known for its needle-like leaves and woody cones.

Fir

A type of evergreen tree belonging to the genus Abies, known for its tall growth and needle-like leaves.

Spruce

A genus of coniferous trees found in northern temperate and boreal regions, valued for their wood and ornamental uses.