1. Make a list of the characteristics of shoes. Which are objective and which are subjective? 2....

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1. Make a list of the characteristics of shoes. Which are ‘objective’ and which are ‘subjective’?

2. If two houses had identical characteristics, except that one was near a noisy airport and the other in a quiet location, and if the market price of the first house was £280 000 and the second was £300000, how would that help us to put a value on the characteristic of peace and quiet?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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