Question: Skyscrapers are found in large cities but not in small towns. Economists would explain this in terms of: (a) differences in architectural tastes between residents of cities and those of small towns (b) the lower costs of labor in cities (c) the scarcity and high cost of land in cities (d) the relatively low construction costs of tall buildings compared to those of one-or-two
Question: Skyscrapers are found in large cities but not in small towns. Economists would explain this in terms of: (a) differences in architectural tastes between residents of cities and those of small towns (b) the lower costs of labor in cities (c) the scarcity and high cost of land in cities (d) the relatively low construction costs of tall buildings compared to those of one-or-two
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question: Skyscrapers are found in large cities
but not in small towns. Economists would
explain this in terms of:
(a) differences in architectural tastes between
residents of cities and those of small towns
(b) the lower costs of labor in cities
(c) the scarcity and high cost of land in cities
(d) the relatively low construction costs of tall
buildings compared to those of one-or-two
story buildings
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