1. (5 pts) Which of the following tends to have the steepest bid-rent curve near
ID: 1107577 • Letter: 1
Question
1. (5 pts) Which of the following tends to have the steepest bid-rent curve near a city center
(a) Manufacturing
(b) Office
(c) Residential
(d) Agricultural
2. (5 pts) With factor substitution, the bid rent curve for the office sector
(a) becomes positive
(b) becomes less steep
(c) becomes steeper near downtown
(d) becomes steeper far away from downtown
3. (5 pts) Which of the following is not a cause of urban sprawl in the United States?
(a) the tax code subsidizes home ownership through mortgage
(b) energy is cheap
(c) plenty supply or land
(d) congestion is less a problem
Explanation / Answer
1. The correct answer is B.
2. The correct answer is D.
3. The correct answer is A.
2.
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