Since Restored Historic Buildings Convey a Positive Externality, Local Governments

question 246

Multiple Choice

Since restored historic buildings convey a positive externality, local governments may choose to

• A)regulate the demolition of them.
• B)provide tax breaks to owners who restore them.
• C)increase property taxes in historic areas.
• D)Both a and b are correct.

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Definitions:

Conventional

Pertaining to common practices, methods, or standards that are widely accepted and employed.

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Pertaining to activities, processes, or elements that exist or occur within an organization.

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Evaluations of a company's performance in non-financial areas, focusing on its impact on society, the environment, and its corporate social responsibility efforts.