Exam (elaborations)
Real Estate Dynamics – Midterm Questions with complete solutions
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1. Which of the following is NOT considered to be an economic characteristic of land? A. Scarcity B. Modification C. Location (situs) D. Immobility Correct Answer-D. Immobility Physical: Immobility, Non-Homogeneity, Indestructibility Economic: Location, Preference (Situs), Improv...
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