The scarcity principle Study guides, Class notes & Summaries
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![Principles of real estate II (Champions) Exam with complete solutions](/docpics/641ca6678adcf_2508192.jpg)
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Principles of real estate II (Champions) Exam with complete solutions
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Functional obsolescence - Answer- Refers to the loss in desirability of the style, layout or function of an element of a property over time 
 
Sales comparison - Answer- best indicator of value for existing properties 
 
highest and best use - Answer- the legal use for property that gives the greatest return in money and/or amenities 
 
external obsolescence - Answer- the loss in value of a property caused by factors outside the property itself 
 
principle of contribution - Answer- suggests the...
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IAAO 101 - Review Questions and Answers 2023 with complete solution
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IAAO 101 - Review Questions and Answers 2023 with complete solution 
 
The property tax is an ____ __________ tax, meaning it is based on value. 
ad valorem 
The assessor is responsible for the _______, ________, and __________ of all taxable property. 
discovery 
listing 
valuation 
The taxable location of personal property is referred to as its __________. 
situs 
An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. 
an a...
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IAAO 101 - Review Questions and Answers 2023
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The property tax is an ____ __________ tax, meaning it is based on value. - Answer- ad valorem 
 
The assessor is responsible for the _______, ________, and __________ of all taxable property. - Answer- discovery 
listing 
valuation 
 
The taxable location of personal property is referred to as its __________. - Answer- situs 
 
An estimate of value, usually in writing, of an adequately described property, as of a given date, is termed ___ ___________. - Answer- an appraisal 
 
A jurisdiction's...
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NYSTCE CST 245 Arts and Science Exam with complete solutions
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Seasonal changes - Answer- moon orbits earth once per month 
 
Yearly Changes - Answer- earth orbits around the moon one time per year 
 
physical change - Answer- A change in a substance that does not change its identity 
 
chemical change - Answer- charastics change in state or phase 
 
transformation of energy examples - Answer- Chemical Energy is converted to Electrical Energy (stove), Kinetic Energy (car), Electricity (power plant), and Mechanical Energy (space shuttle). Electricity is conv...
![Champions School of Real Estate- Principles of Real Estate II Already Passed](/docpics/5378527/664bb4aba96e8_5378527_121_171.jpeg)
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Champions School of Real Estate- Principles of Real Estate II Already Passed
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Champions School of Real Estate- 
Principles of Real Estate II Already 
 
Passed 
 
Appraisal an appraiser's opinion of value, used to determine market value property to secure 
the loan 
 
Loan to Value Ratio Percentage of value or sales price that a lender is willing to finance 
 
Desk Review an appraisal that simply reviews a checklist of items as they analyze the 
appraisal report for completeness and acceptable conclusions 
 
Field Review An independent 3rd party appraiser will be contract...
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Principles of Economics, 8e Mankiw TB TestBank
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Principles of Economics, 8e Mankiw TB TestBank 
 
Principles of Economics, 8e Mankiw TBCopyright Cengage Learning. Powered by Cognero. Page 1 
1. The English word that comes from the Greek word for "one who manages a household" is 
a. market. 
b. consumer. 
c. producer. 
d. economy. 
ANSWER: d 
DIFFICULTY: Easy 
LEARNING OBJECTIVES: ECON.MANK.012 - Apply basic, economic principles of individual decision making 
that determine how an economy generally works. 
TOPICS: Economic thinking 
KEYWORDS...
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TMS3709 Assignment 2 (COMPLETE ANSWERS) 2024 (591251) - DUE 15 May 2024
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TMS3709 Assignment 2 (COMPLETE ANSWERS) 2024 (591251) - DUE 15 May 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9............ 1. Which teaching approach is encouraged during the Fourth Industrial Revolution? Give three (3) reasons for this. (4) 
2. Which didactical principle is applicable when choosing a method for the teaching of Economics in the following examples? Just write down the name of the principle. 
2.1 The teacher teaches...
![Test Bank for Microeconomics, 3rd Canadian Edition by Glenn Hubbard](/docpics/2824129/6475871301a24_2824129_121_171.jpeg)
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Test Bank for Microeconomics, 3rd Canadian Edition by Glenn Hubbard
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Test Bank for Microeconomics, 3rd Canadian Edition 3ce by Glenn Hubbard, Anthony Patrick OBrien. 
 
Full Chapters test bank included 
 
1 Economics: Foundations and Models 
Economics in Your Life and Career: How Much Will You Pay for a Cup of Coffee? 
Three Key Economic Ideas 
People Are Rational 
People Respond to Incentives 
Apply the Concept: Does Canada’s Health Care System Contribute to Obesity? 
Optimal Decisions Are Made at the Margin 
Solved Problem: 1.1 Binge Watching and Decisions at...
![Principles of real estate II (Champions) Latest 2024 Already Passed](/docpics/5378439/664bb3fd51853_5378439_121_171.jpeg)
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Principles of real estate II (Champions) Latest 2024 Already Passed
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Principles of real estate II (Champions) 
 
Latest 2024 Already Passed 
 
Functional obsolescence Refers to the loss in desirability of the style, layout or function of an 
element of a property over time 
 
Sales comparison best indicator of value for existing properties 
 
highest and best use the legal use for property that gives the greatest return in money and/or 
amenities 
 
external obsolescence the loss in value of a property caused by factors outside the property 
itself 
 
principle o...
![Economics 101 Questions and Answers Already Passed](/docpics/4011821/6578ca5c5d62f_4011821_121_171.jpeg)
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Economics 101 Questions and Answers Already Passed
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Economics 101 Questions and Answers Already Passed economics the study of how people make choices under conditions of scarcity and of the results of those choices for society 
rational person someone with well-defined goals who tries to fulfill those goals as best as he or she can 
economic surplus the benefit of taking any action minus its cost 
opportunity cost the value of the next-best alternative that must be foregone in order to undertake the activity 
positive economics economic analysis ...
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