REE 3043 EXAM 1 QUESTIONS AND ANSWERS 2026
The "gravity" that draws economic activity into clusters is: - Answers - demand for
access or proximity.
The best example of a base economic activity would be a: - Answers - regional sales
office.
Which of these are true about agglomeration economies? - Answers - All of these
answers are correct. (They create a readily available supply of highly specialized goods
and labor. They tend to reduce risks in real estate. They occur in larger cities. They
result from demand created by multiple industries.)
Orlando, Florida is home to Disney World. As such, Orlando has become one of the
leading destinations in the world. People traveling there stay for days, weeks or longer
with their families and friends. These people spend money on hotels, food, recreation
and many other things, locally. Disney World is an example of: - Answers - an economic
base multiplier.
In the past, each of the following has been a reason why cities developed Except : -
Answers - the availability of top entertainers.
The set of activities that a city provides for the world beyond its boundaries is called: -
Answers - economic base.
Which is NOT an example of industry economies of scale drawing a cluster of
complementary activities? - Answers - A warehouse.
Calculate the location quotient for the heavy manufacturing industry of a certain city
given the following facts:
Total % of city population working in heavy manufacturing is: 20%
Total % of U.S. population working in heavy manufacturing is: 4% - Answers - 5
What is the main determinant of the hierarchy of central place patterns? - Answers -
Population required for market.
The most important change in urban form and urban real estate markets has been
changes in: - Answers - transportation.
Ten different car dealerships have opened their businesses along eight consecutive
blocks on Camelback Road in Phoenix, Arizona. This is an example of: - Answers -
clustering.
Jose works downtown and pays $700 per month in rent for an apartment 30 miles from
his office. He has calculated that he spends 50 minutes per day driving each way to the
The "gravity" that draws economic activity into clusters is: - Answers - demand for
access or proximity.
The best example of a base economic activity would be a: - Answers - regional sales
office.
Which of these are true about agglomeration economies? - Answers - All of these
answers are correct. (They create a readily available supply of highly specialized goods
and labor. They tend to reduce risks in real estate. They occur in larger cities. They
result from demand created by multiple industries.)
Orlando, Florida is home to Disney World. As such, Orlando has become one of the
leading destinations in the world. People traveling there stay for days, weeks or longer
with their families and friends. These people spend money on hotels, food, recreation
and many other things, locally. Disney World is an example of: - Answers - an economic
base multiplier.
In the past, each of the following has been a reason why cities developed Except : -
Answers - the availability of top entertainers.
The set of activities that a city provides for the world beyond its boundaries is called: -
Answers - economic base.
Which is NOT an example of industry economies of scale drawing a cluster of
complementary activities? - Answers - A warehouse.
Calculate the location quotient for the heavy manufacturing industry of a certain city
given the following facts:
Total % of city population working in heavy manufacturing is: 20%
Total % of U.S. population working in heavy manufacturing is: 4% - Answers - 5
What is the main determinant of the hierarchy of central place patterns? - Answers -
Population required for market.
The most important change in urban form and urban real estate markets has been
changes in: - Answers - transportation.
Ten different car dealerships have opened their businesses along eight consecutive
blocks on Camelback Road in Phoenix, Arizona. This is an example of: - Answers -
clustering.
Jose works downtown and pays $700 per month in rent for an apartment 30 miles from
his office. He has calculated that he spends 50 minutes per day driving each way to the
