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10 Qs

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Professional Development, Design, Social Studies

University

Practice Problem

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Muth’s model is used as basis for studies of population density patterns and conventional studies of income and price elasticity of housing demand.

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following refer to Alonso's Theory?

All land is equally productive.

Land rent of an area is influenced by its distance from the central market (city) and it will differ according to the land use in the particular area.

Price of land increases, people accept bigger houses.

Land rent will increase for areas that is getting further from the city centre.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Ricardo (1820) have highlighted few items in theory of land rent except:

Land rent is determined by the natural endowment or advantage of land.

Land varies in its natural endowment (characteristic) or advantage for the user

Land of a given level of natural endowment or advantage is fixed in supply

The land market is governed by imperfect competition

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determine the factors that can cause an imperfect market.

I. Seller and buyer do not realise the price and quantity offered

II. Increase in the demand for property cause by government policy.

III. Legal restrictions such as ownership restrictions and transfer of ownership.

I & II only

I & III only

II & II only

All above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Job trend is considered under:

Physical analysis

Market analysis

Economic analysis

Culture analysis

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following example is incorrect?

Seasonal unemployment : tourism industry

Cyclical unemployment : education industry

Frictional unemployment : A person that lose current job in process finding new job

Demand deficiency employment : Car producing

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Structural unemployment occurs when certain industries decline because of long term changes in market conditions.

True

False

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