One Economic Factor That Can Restrain the Maximum Rate of Home

question 64

Multiple Choice

One economic factor that can restrain the maximum rate of home price appreciation is

• A)the ready availability of negative amortization and pick-a-pay mortgage instruments.
• B)the ready availability of pay option adjustable rate mortgages.
• C)geographic barriers to residential development, such as mountains, oceans and swamps.
• D)a relatively elastic supply of land available for residential development.

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Definitions:

Equilibrium Price

The cost at which the amount of a product consumers want to buy matches the amount that producers are willing to sell.

Stadium

A large, usually outdoor structure for sports, concerts, or other events, featuring a field or stage and seating for spectators.

Football Game

A sporting event involving two teams that compete to score points by advancing a ball into the opposing team's end zone, governed by a set of rules.

NFL Teams

Professional American football teams competing within the National Football League, which is divided into two conferences: the American Football Conference (AFC) and the National Football Conference (NFC).