Since restored historic buildings convey a positive externality,local governments may choose to
A)regulation the demolition of them.
B)provide tax breaks to owners who restore them.
C)increase property taxes in historic areas.
D)Both a and b are correct.

Question

Quizplus · Accepted Answer

Restored historic buildings provide benefits to the community that are not reflected in the market price. Local governments may regulate demolition to preserve these benefits and offer tax breaks to incentivize restoration.

Since Restored Historic Buildings Convey a Positive Externality,local Governments May