REE 3043 Exam 1 Curcio actual exam Questions & Answers Real Estate Economics, Property
Law, Bid-Rent, Taxation & REITs UCF
In a system of bid-rent curves, assuming that the households are identical except for the
feature noted, which of these prospective bidders will bid successfully for the sites nearest to
the CBD?
Households with the greatest number of commuting workers
Rochester, Minnesota is home to the Mayo Clinic. People travel from all over the world to be
treated at the Mayo Clinic because of its renowned reputation. Some people stay for weeks at
a time with large groups of family and friends by their side. All these people spend money on
hotels, food and other things, locally. The hospital is an example of:
an economic base multiplier
In the past, each of the following has been a reason why cities developed Except
The availability of top entertainers
The set of activities that a city provides for the world beyond its boundaries is called:
Economic Base
The bid-rent curve is influenced by various factors but NOT :
male vs. female commuters
, Calculate the location quotient for the healthcare industry of a certain city given the following
facts:
Total % of city population working in healthcare is: 30%
Total % of U.S. population working in healthcare is: 15%
2
What is the main determinant of the hierarchy of central place patterns?
Population required for market
The gravity that draws economic activity into clusters is
demand for access or proximity
The best example of a base economic activity would be a
regional sales office
A fishing company was formed in Juneau, Alaska. Within ten years a canning plant, a
processing plant, and a boat repair facility had also opened in Juneau. This is an example of:
Agglomeration economics
Ten different car dealerships have opened their businesses along eight consecutive blocks on
Camelback Road in Phoenix, Arizona. This is an example of:
Clustering
Amanda works downtown and pays $800 per month in rent for an apartment 25 miles from her
office. She has calculated that she spends 40 minutes per day driving each way to the office
and it costs her $9 per day in gas and lost productivity. Based on a 20 workday month, how
much would she be willing to pay for an apartment downtown?
$980
Locating similar businesses in close proximity (such as clothing stores within a regional mall)
is a pattern used in ___________________ activities.
Comparison
Law, Bid-Rent, Taxation & REITs UCF
In a system of bid-rent curves, assuming that the households are identical except for the
feature noted, which of these prospective bidders will bid successfully for the sites nearest to
the CBD?
Households with the greatest number of commuting workers
Rochester, Minnesota is home to the Mayo Clinic. People travel from all over the world to be
treated at the Mayo Clinic because of its renowned reputation. Some people stay for weeks at
a time with large groups of family and friends by their side. All these people spend money on
hotels, food and other things, locally. The hospital is an example of:
an economic base multiplier
In the past, each of the following has been a reason why cities developed Except
The availability of top entertainers
The set of activities that a city provides for the world beyond its boundaries is called:
Economic Base
The bid-rent curve is influenced by various factors but NOT :
male vs. female commuters
, Calculate the location quotient for the healthcare industry of a certain city given the following
facts:
Total % of city population working in healthcare is: 30%
Total % of U.S. population working in healthcare is: 15%
2
What is the main determinant of the hierarchy of central place patterns?
Population required for market
The gravity that draws economic activity into clusters is
demand for access or proximity
The best example of a base economic activity would be a
regional sales office
A fishing company was formed in Juneau, Alaska. Within ten years a canning plant, a
processing plant, and a boat repair facility had also opened in Juneau. This is an example of:
Agglomeration economics
Ten different car dealerships have opened their businesses along eight consecutive blocks on
Camelback Road in Phoenix, Arizona. This is an example of:
Clustering
Amanda works downtown and pays $800 per month in rent for an apartment 25 miles from her
office. She has calculated that she spends 40 minutes per day driving each way to the office
and it costs her $9 per day in gas and lost productivity. Based on a 20 workday month, how
much would she be willing to pay for an apartment downtown?
$980
Locating similar businesses in close proximity (such as clothing stores within a regional mall)
is a pattern used in ___________________ activities.
Comparison
