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:

Dichotomized Construct

A concept that is divided into two mutually exclusive categories or variables, simplifying complex traits or behaviors into a binary format.

Sociality Corollary

Suggests individuals' identities and perceptions are shaped through social interactions and relationships.

Construe Constructions

The process of interpreting or understanding meanings and intentions within verbal or non-verbal communication.

Instinctual Perceptions

The automatic, innate responses and feelings about people or situations, without conscious reasoning.