Florida Real Estate Practice Exam

Which market characteristic is described by being slow to respond to national changes?

1. Unique

2. Highly influenced by governmental policy

3. Indestructible

4. Slow to respond

The correct answer is: Indestructible

Indestructible is the correct answer because it means that the market is resistant to changes and is not easily affected by external factors, such as national changes or government policies. This makes the market slow to respond because it is not easily influenced, unlike the other options. Option A, unique, does not accurately describe the market characteristic as it does not relate to its response time to national changes. Option B, highly influenced by governmental policy, suggests that the market is not independent and can quickly adapt to changes, which is contradictory to the question. Option D, slow to respond, is a near-synonym of the correct answer, but it does not fully capture the idea of resilience against national changes.