RESIDENTIAL MARKET ANALYSIS ACTUAL
EXAM SOLVED QUESTIONS COMPLETE
STUDY GUIDE
●● Which of these can increase conformity in a neighborhood?
Covenants, Conditions and Restrictions
zoning ordinances
ordinances specifying minimum site sizes and setbacks
all of these
Answer: all of these
●● With regard to the four agents of production, which is the last agent
to be satisfied?
Capital
Land
Labor
Coordination
Answer: Land
,●● The fact that a property's value may be different next week than it is
today demonstrates what economic principle?
Change
Balance
Anticipation
Competition
Answer: Change
●● What are the four agents of production?
Contribution, Balance, Anticipation, Externalities
land, labor, capital, coordination
growth, static, decline, renewal
capital, coordination, management, buildings
Answer: land, labor, capital, coordination
●● Which of these would NOT be an example of the principle of
externalities?
an in-ground pool on the subject property
environmental contamination in a nearby property
an auto salvage yard located next door
,the poor condition of neighboring homes
Answer: an in-ground pool on the subject property
●● A person purchases a four-plex because it has a strong income
stream. This is an example of the principle of:
Competition
Anticipation
Externalities
Market Analysis
Answer: Anticipation
●● Nothing ever remains stable or in balanced, as evidenced by the:
Principle of Conformity
Principle of Substitution
Principle of Change
Principle of Competition
Answer: Principle of Change
●● Finish the sentence: Profit encourages ___________.
, Profit
Declining Markets
Copycats
Competition
Answer: Competition
●● When supply is higher than demand, the value of a product:
Increases
Remains in balance
Declines
There is no relationship
Answer: Declines
●● What is another name for the principle of inclining and declining
periods?
ups and downs
Externalities
Anticipation
Integration and Disintegration
Answer: Integration and Disintegration
EXAM SOLVED QUESTIONS COMPLETE
STUDY GUIDE
●● Which of these can increase conformity in a neighborhood?
Covenants, Conditions and Restrictions
zoning ordinances
ordinances specifying minimum site sizes and setbacks
all of these
Answer: all of these
●● With regard to the four agents of production, which is the last agent
to be satisfied?
Capital
Land
Labor
Coordination
Answer: Land
,●● The fact that a property's value may be different next week than it is
today demonstrates what economic principle?
Change
Balance
Anticipation
Competition
Answer: Change
●● What are the four agents of production?
Contribution, Balance, Anticipation, Externalities
land, labor, capital, coordination
growth, static, decline, renewal
capital, coordination, management, buildings
Answer: land, labor, capital, coordination
●● Which of these would NOT be an example of the principle of
externalities?
an in-ground pool on the subject property
environmental contamination in a nearby property
an auto salvage yard located next door
,the poor condition of neighboring homes
Answer: an in-ground pool on the subject property
●● A person purchases a four-plex because it has a strong income
stream. This is an example of the principle of:
Competition
Anticipation
Externalities
Market Analysis
Answer: Anticipation
●● Nothing ever remains stable or in balanced, as evidenced by the:
Principle of Conformity
Principle of Substitution
Principle of Change
Principle of Competition
Answer: Principle of Change
●● Finish the sentence: Profit encourages ___________.
, Profit
Declining Markets
Copycats
Competition
Answer: Competition
●● When supply is higher than demand, the value of a product:
Increases
Remains in balance
Declines
There is no relationship
Answer: Declines
●● What is another name for the principle of inclining and declining
periods?
ups and downs
Externalities
Anticipation
Integration and Disintegration
Answer: Integration and Disintegration
