18-46When Improvements in the Infrastructure Are Financed by Additional Property

question 15

Multiple Choice

18-46.When improvements in the infrastructure are financed by additional property taxes applied to properties in the geographical area of the development it is termed:

• A) density bonus
• B) tax-increment financing
• C) senior financing
• D) partial release provision

---

Definitions:

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors using the same amount of resources.

Manufacturing Tools

Instruments, machinery, and other devices used in the process of producing goods from raw materials.

High-End

Products or services that are considered to be of the highest quality and often carry a premium price.

Comparative Advantage

The ability of a country to produce a specific good or service at a lower opportunity cost than a rival.