17. According to Pierce and Shoup, why might it be so difficult to find a park in an urban area? A. There are not enough car parks B. The price of parking is too high C. The price of parking s too low D. Too much urban growth 18. In the paper by the Reserve Bank of Australia, what is the modelled impact of a uniform urban height restriction on land values? A. Land values fall across the city because development potential is constrained B. Land values rise across the city because regulations are creating scarcity C. Land values fall close to the centre of the city and rise on the periphery D. None of the above

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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17. According to Pierce and Shoup, why might it be so difficult to find a park in an urban area?
A. There are not enough car parks
B. The price of parking is too high
C. The price of parking too low
D. Too much urban growth
18. In the paper by the Reserve Bank of Australia, what is the modelled impact of a uniform
urban height restriction on land values?
A. Land values fall across the city because development potential is constrained
B. Land values rise across the city because regulations are creating scarcity
C. Land values fall close to the centre of the city and rise on the periphery D. None of the
above
Transcribed Image Text:17. According to Pierce and Shoup, why might it be so difficult to find a park in an urban area? A. There are not enough car parks B. The price of parking is too high C. The price of parking too low D. Too much urban growth 18. In the paper by the Reserve Bank of Australia, what is the modelled impact of a uniform urban height restriction on land values? A. Land values fall across the city because development potential is constrained B. Land values rise across the city because regulations are creating scarcity C. Land values fall close to the centre of the city and rise on the periphery D. None of the above
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