Real Estate QUIZMASTER

“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

Real Estate QUIZMASTER

100 100 100 100 100

200 200 200 200 200

300 300 300 300 300

400 400 400 400 400

500 500 500 500 500

Definitions Analytical NumericalMSAs and CMSAs

Miscellaneous


Definitions for 100

The engine that drives the city’s sources of income


Definitions for 200

The phenomenon that occurs when one firm benefits from thenearby location of anotherfirm without the first firm being able to fully profit from this benefit


Definitions for 300

Cost or productivity advantages to the clustering of firms or worksites physically near each other


DAILY DOUBLE


Daily DoubleDefinitions for 400

The minimum population needed to support an efficient production process


Definitions for 500

The proportion of total local employment in a given industry divided by the proportion of total national employment in that same industry


Analytical for 100

The _____ between centripetal and centrifugal forces will dictate the number and size of cities


Analytical for 200

If the LQ is very much larger than _____, the implication is that the industry is part of the export sector of the local economic base


The _____ the number of digits in the SIC code, the broader the definition of employment sectors or industries

Analytical for 300


______ industries will tend to locate near major raw material supplies

Analytical for 400


Analytical for 500

It is only the _____ sector jobs that can create regional growth or decline


An MSA must have a population of at least ________

MSAs and CMSAs for 100



C M S A


The MSAs which constitute a CMSA must have a combined population of at least __________




MSAs constitute nearly _______ of the total U.S. land area


Nearly _____% of all U.S. residents reside in urbanized MSAs (including CMSAs)



Numerical for 100

Of 2, 3 or 2000, the population multiplier ratio, if the hiring of 500 workers creates a net population increase of 1500 people


Numerical for 200

The largest city’s population will be approximately ________________, if a city ranked 4th has a population of 822,230


Numerical for 300

Sydney, Los Angeles and Sao Paulo would fall under the _____-order level of cities


If total Canadian employment is $10,000,000 and the Canadian maple syrup industry is 10,000, while the total Winnipeg employment is 50,000, then the Winnipeg maple syrup employment needs to be_______, for the LQ for the maple syrup industry in Winnipeg to

be 2

Numerical for 400


Numerical for 500

If the Employment Multiplier is 5, then the ___________ will be 5,000 if the Export Employment Increase is 1,000


Miscellaneous for 100

The ______ rule asserts that individual cities in a system of cities will tend to sort themselves out into a regular pattern of sizes



August Losch developed the __________ by examining the problem of location on a featureless plain



Losch’s key geometric insight was that hinterlandswould assume a _____ shape on a homogeneous plane



C B D



A featureless plain with no transportation and communication costs is considered _________

Real Estate QUIZMASTER

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