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Author Question: If a city suddenly and unexpectedly abolishes all property taxes on residential property, which ... (Read 146 times)

karateprodigy

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on: Jun 29, 2018
If a city suddenly and unexpectedly abolishes all property taxes on residential property, which consequence is most likely to be observed first?
 
  A) Higher rents for residential space
  B) Higher sale prices for residential property
  C) Lower rents for residential space
  D) Lower sale prices for residential property
  E) More conversion of apartments to condominiums

Question 2

People obtain their money incomes basically by
 
  A) chance.
  B) hard work.
  C) inheritance.
  D) supplying something for which others are willing to pay.


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Madisongo23

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


karateprodigy

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Dominic

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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