Suppose that a judge is deciding whether, as a matter of fact, homeowners curren
ID: 2440072 • Letter: S
Question
Suppose that a judge is deciding whether, as a matter of fact, homeowners currently have the right to prevent airplanes from flying low over their houses (in other words, whether they can actually prevent low over-flights). The judge hears evidence from airport officials, real estate lawyers, and others. The judge's ruling is correct if his decision:
is supported by homeowners
results in no change to the market value of homes.
is supported by a majority of expert witnesses.
results in a rise in home values
is supported by homeowners
results in no change to the market value of homes.
is supported by a majority of expert witnesses.
results in a rise in home values
Explanation / Answer
Ans) the correct option is is supported by a majority of expert witnesses. The judge could also take a decision to decrease the Market value of those houses because the house owners have got the negative externality of airplanes flying low over their houses.