Download Quiz for Chapter 6

RE 165 Real Estate Economics
Due 5/10/2012
Quiz for Chapter 6: Regional and Community Analysis
1. A city that originally formed at a
‘‘break-cargo’’ point is called a(n):
A. central town
B. transportation service town
C. special-function town
D. economic town
7. When selecting a new location for a factory, a company
will usually check which of the following items?
A. environmental requirements
B. community attitudes
C. transportation systems
D. all of the above
2. Growth of a region is most closely tied to what kind of
jobs?
A. local
B. secondary
C. basic
D. internal
8. The underlying principle of economic base studies states
that for a region to grow economically, it must:
A. export more than it imports
B. import more than it exports
C. increase secondary business faster than basic business
D. decrease basic industries
3. In terms of economic base studies, a computer software
company would be considered what kind of business?
A. export
B. import
C. secondary
D. local
9. For some people, the disadvantages of economic growth
include:
A. more people
B. traffic congestion
C. additional pollution
D. all of the above
4. In terms of economic base studies, a residential real
estate brokerage business is what kind of business?
A. export
B. basic
C. manufacturing
D. secondary or local
10. The advantages of economic growth include more:
A. goods and services
B. jobs
C. financial security
D. all of the above
5. If a region’s population expands rapidly, while jobs and
government spending decline, the per capita standard of
living, as measured by goods and services, will probably:
A. decrease
B. increase
C. remain the same
D. escalate
6. If the multiplier effect for a local economy is that 1
export job creates 1.5 secondary jobs, an increase of
100 basic export jobs should create a total of how many
new jobs in the area?
A. 67
B. 100
C. 150
D. 250
11. To stimulate economic growth, an increase in local jobs
must occur before there can be an increase in export jobs.
A. true
B. false
12. A group of cities or communities in a larger or
surrounding area is usually called a:
A. town
B. region
C. locality
D. township
13. It is believed that the world’s first towns and villages
were located in:
A. Europe
B. Latin America
C. the Middle East
D. New Zealand
RE 165 Real Estate Economics
Due 5/10/2012
Quiz for Chapter 6: Regional and Community Analysis
14. A ‘‘central town’’:
A. is located midway between two large cities
B. performs a variety of services for a surrounding area
C. contains the central government offices for the region
D. is usually located at a river fork, mountain pass, or
ocean port
C. demography
D. topography
21. A city can grow in population, even if its export jobs are
in industries that are not growing nationwide.
A. true
B. false
15. A community location selected to be convenient to a
resource is described as a:
A. special-function town
B. resort town
C. node
D. break-cargo location
22. Moderate increases in productivity are considered
socially desirable by many people, if the increase in
productivity:
A. lowers per capita living standards
B. improves per-person welfare
C. fulfills government objectives for slow growth
D. eliminates private jobs
16. Original locations of cities tend to be influenced by:
A. topography
B. transportation
C. both a and b
D. neither a nor b
23. If a community’s export jobs are mostly in one industry:
A. such concentration is considered desirable
B. diversification should be a key community goal
C. real estate investment potential is enhanced
D. the town’s future is guaranteed
17. Two measures of community economic growth are:
A. expansion and integration
B. per capita and overall growth
C. annexation and divestment
D. local jobs and the multiplier
24. A shift of jobs in an industry from one city to another
can cause some cities to grow, even when the industry’s
overall growth is in decline.
A. true
B. false
18. Greater productivity influences community growth by:
A. allowing the same number of workers to produce more
export goods
B. reducing the number of jobs
C. creating more instability through changes
D. interrupting government efforts to limit growth
25. Input–output analysis examines:
A. whether production efficiency can be improved
B. which jobs should be reclassified from basic to export
C. what resources go into community economic activity,
what goods and services are produced, and where they are
distributed
D. how long it takes on average to convert inputs to
outputs
19. When a community learns to make objects that
previously had to be imported:
A. the loss of imports hurts the local economy
B. additional earnings are generated to pay for imported
goods and services
C. added jobs are tied up in local employment, hurting
growth
D. there is no net effect on the local economy
20. In an economic base study, a population forecast for a
region is estimated by using a ratio of workers (or jobs) to
people. This is called:
A. job multiplier
B. labor participation rate