True or False: Urban economics addresses issues concerning rural housing.

Prepare for UCF REE3043 Real Estate Exam. Master concepts with comprehensive guides, quizzes, and detailed explanations. Ace your test with confidence!

Urban economics primarily focuses on the economic factors that relate to urban areas, including the functioning of cities, the location of industries, labor markets, housing, and public policy within metropolitan regions. Its main concern is with urban phenomena rather than rural. By definition, rural housing issues, such as those involving agricultural land use, rural labor force dynamics, or the socio-economic conditions of non-urban environments, fall outside the core scope of urban economics. Therefore, stating that urban economics addresses issues concerning rural housing is inaccurate, validating the choice that indicates the statement is false.

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