Ask Question
Social StudiesSocial Studies
25 June, 04:28

Tim and Sue have the smallest home in a sought-after neighborhood. The value of their home is increased because of the higher value of the other homes in the neighborhood. This is an example of what principle?

+4
Answers (1)
  1. 25 June, 08:13
    0
    Progression

    Explanation:

    The Principle of progression in economics states that the value of the smallest home (or the low-end) property will be impacted with the variation in the value of the high end homes.

    The valuation of the property depend on the locality of the neighborhood.

    Hence,

    with the increase in the value or the higher value of the other homes, the value of the smallest home will also increase.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tim and Sue have the smallest home in a sought-after neighborhood. The value of their home is increased because of the higher value of the ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The pendleton civil service act introduced a civil service system for the national government based on
Answers (1)
How the Gun violence effects the individual versus country at large?
Answers (1)
How does personal conflict affect partnerships? what steps might partners take to minimize personal conflict?
Answers (1)
What did the espionage and sedition act punish?
Answers (1)
Currently a large proportion of the American population is overweight. Dr. Laker thinks that, in part, this may be due to an innate preference for foods that are rich in fats and sugars. Dr.
Answers (1)
New Questions in Social Studies
Just before an episode of a popular talk show, a fake crime was committed in which a man stole a woman's handbag and then ran off. The "crime" was staged right next to the line of people waiting to get into the show.
Answers (1)
Janette was absolutely certain that she knew the name of the fundamentalist religious group that was involved in the standoff with the fbi in waco, texas, but she could not think of the name of the group. this is an example of:
Answers (1)
Taylor has no memory of the abuse she experienced as a child. during a session with her clinical psychologist, she suddenly began talking in a deeper voice, claiming to be adam, a male personality, who remembered all of the abuse.
Answers (1)
In Country X, people rarely engage in market transactions. For the most part, they do not need to. Families grow their own vegetables and raise their own animals or hunt to get meat.
Answers (1)
What is scarcity and why does it exist?
Answers (1)
Home » Social Studies » Tim and Sue have the smallest home in a sought-after neighborhood. The value of their home is increased because of the higher value of the other homes in the neighborhood. This is an example of what principle?
Sign Up Forgot Password?