Article Summary According to a Study by the Center for Neighborhood Technology

question 69

True/False

Article Summary
According to a study by the Center for Neighborhood Technology, homes located within one-half mile of frequently-used public transportation held their value much better during the recent housing market downturn than did those without easy access to public transportation, and the greater home values reflect greater demand for neighborhoods in close proximity to public transportation. In addition to higher home values, the study found that close proximity to public transportation offers lower transportation costs, a wider variety of travel options, and access to more employment opportunities.
Source: Meg Handley, "Study: Proximity to Public Transit Boosts Home Values," U.S. News & World Report, March 22, 2013.
-When there is a negative externality, the competitive output is more than the economically efficient output level.

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Definitions:

Athletics

Competitive physical activities or games, which, through casual or organized participation, aim to use, maintain, or improve physical ability and skills while providing enjoyment to participants.

Post-traumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event, characterized by flashbacks, nightmares, and severe anxiety.

Autonomic Arousal

The activation of the autonomic nervous system, which can elevate physiological parameters such as heart rate and blood pressure in reaction to stress or stimuli.

Acute Stress Disorder

A mental health condition characterized by severe anxiety and dissociation symptoms occurring after a traumatic event.