ALPHA QUIZZES Flashcards
Which of the following would be an example of an economic force?
A. a trend towards smaller household sizes
B. a city ordinance banning outdoor advertising
C. a city’s favorable climate
D. a manufacturing plant reopening after closing
D. a manufacturing plant reopening after closing
Which of the following would be an example of a social force?
A. higher utility rates for a certain area
B. lower interest rates
C. an increasing rate of separating spouses
D. Recurring flooding of a certain few homes in a subdivision
C. an increasing rate of separating spouses
Which of the following would be an example of a governmental force?
A. an area’s abundant natural resources that results in lower lumber costs
B. strict building codes requiring poured concrete foundations in homes within the city
C. the development of a new prive country club golf course
D. the opening of a new grocery store
B. strict building codes requiring poured concrete foundations in homes within the city
Which of the following is NOT a governmental influence?
A. Development of a new subdivision by a local builder
B. Sales tax increase for a certain area
C. A hotel occupancy tax
D. Development of a new sports arena financed by city bonds
A. Development of a new subdivision by a local builder
An area has a reputation for being a neighborhood with a low crime rate and an excellent quality of life. What force is this an example of?
A. Social
B. Economic
C. Governmental
D. Environmental
A. Social
A neighborhood has excellent views of the ocean. What force does this exhibit?
A. Social
B. Economic
C. Governmental
D. Environmental
D. Environmental
A city has a zoning code that does not allow satellite dishes in the front yard. This is an example of which kind of force?
A. Social
B. Economic
C. Governmental
D. Environmental
C. Governmental
A city is influenced by its strategic location along the Pacific Coast and its favorable climate. Which of the four forces are these part of?
A. Social
B. Economic
C. Governmental
D. Environmental
D. Environmental
- A city had some major obstacles in its economic expansion in the 1980s including human rights issues, crime, and illegal immigration. Which of the four forces were these part of?
A. Social
B. Economic
C. Governmental
D. Environmental
A. Social
A severe flood damaged Marikina City. Which of the four forces does this represent?
A. Social
B. Economic
C. Governmental
D. Environmental
D. Environmental
A theme park outside a City has had a significant impact on uses of land in said city for many years and an influence on the value of that land. Which of the four forces does this represent?
A. Social
B. Economic
C. Governmental
D. Environmental
B. Economic
The Military Base in a southeastern State is one of the largest developments in the country. It was created by the Department of Defense to build nuclear submarines for the Navy. What force does this represent?
A. Social
B. Economic
C. Governmental
D. Environmental
B. Economic
The Tax Reform Act had a dramatic impact on real estate by eliminating many of the tax advantages for passive real estate investors. This is an example of which kind of force?
A. Social
B. Economic
C. Governmental
D. Environmental
C. Governmental
A real estate mall developer purchases a site with the intent of building a regional mall because the immediate area has a significant number of households and the income level of those households is affluent. What type of force is the neighborhood going through?
A. Social
B. Economic
C. Governmental
D. Environmental
A. Social
Families are more aware of recycling their consumer wastes than ever before. This is an example of which kind of force:
A. Social
B. Economic
C. Governmental
D. Environmental
A. Social
The four agents of production are?
A. scarcity, utility, desire, and effective purchasing power.
B. land, improvements, labor, and capital.
C. land, labor, capital, and entrepreneurship.
D. land, labor, materials, and entrepreneurship.
C. land, labor, capital, and entrepreneurship.
To have value, an item must possess what characteristics?
A. Land, labor, materials, and entrepreneurship
B. Scarcity, utility, demand, and effective purchasing power
C. Scarcity, utility, effective demand, and transferability
D. Scarcity, utility, effective purchasing power, and desirability
C. Scarcity, utility, effective demand, and transferability
Comparing an item’s value to the item’s cost is an evaluation of the item’s?
A. conformance
B. highest and best use
C. change
D. contribution
D. contribution
What two components comprise effective demand?
A. Cost and value
B. Desire and effective purchasing power
C. Desire and need
D. Desire and satisfaction
B. Desire and effective purchasing power
Appraising an improved property, an appraiser values the improvements as one use and the site as another use. This violates the theory of
A. contribution
B. conforming use
C. consistent use
D. highest and best use
C. consistent use
Issues concerning a site’s physical possibilities, legal permissibility, financial feasibility, and maximally productive uses relate to
A. agents of production
B. factors that create value
C. supply and demand
D. highest and best use
D. highest and best use
Scarcity, utility, effective purchasing power, and desire all relate to
A. agents of production
B. economic characteristics of value
C. supply and demand
D. highest and best use
B. economic characteristics of value
When the yield of a product falls as the cost is increased, this is called?
A. decreasing returns
B. supply and demand
C. balance
D. change
A. decreasing returns
Which is one of the four criteria of highest and best use?
A. Financially feasible
B. Supply and demand
C. Contribution
D. Competition
A. Financially feasible