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:

Globalization

The process by which businesses, cultures, and societies become more interconnected and interdependent through trade, communication, and technology on a global scale.

Connectivity

Refers to the state or extent of being connected or interconnected, especially regarding telecommunications or computing devices.

Contingency Anchor

A reference or standard used to anticipate and prepare for potential future scenarios or outcomes.

Organizational Behavior

The study of how people interact within groups, particularly in work settings, and how this affects the organization's functioning.