. The von Thunen model of land and housing rents . . . A. Is refuted by the fact that the poor live closer to the city center in most American cities. B. Is refuted by the fact that land prices generally decline as we move away from the Central Business District in American cities. C. Is primarily a framework to illustrate the idea of compensating differentials in urban spatial prices. D. None of the above.

. The von Thunen model of land and housing rents . . . A. Is refuted by the fact that the poor live closer to the city center in most American cities. B. Is refuted by the fact that land prices generally decline as we move away from the Central Business District in American cities. C. Is primarily a framework to illustrate the idea of compensating differentials in urban spatial prices. D. None of the above.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter32: The Land Market And Natural Resources

Section: Chapter Questions

Problem 11E

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