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

question 192

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.
-The social cost of a good or service is the cost borne by the producer.

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A situation where an individual cannot meet their debt obligations as they become due because their liabilities exceed their assets.

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Costs associated with winding up a company's business operations and distributing its assets.

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Assets owned by a business that are not in the form of cash but can be converted into cash within a year, including inventory, real estate, and investments.