RE 165 Real Estate Economics
Due 5/10/2012
Quiz for Chapter 7: Community Growth Patterns
1. When land is allocated to the legal user who pays the
highest price, economists call this the principle of:
A. balance
B. highest and best use
C. economic succession
D. change
2. The impact that zoning has on community growth
patterns is what type of force?
A. economic
B. physical
C. social
D. political
3. The circular or concentric theory of growth has the city
growing:
A. around the downtown central core
B. along transportation lines
C. from several points such as suburban shopping centers
D. from the highest to the lowest topographic point
4. The multiple nuclei theory of growth has the city
growing:
A. around the downtown central core
B. along transportation lines
C. from several points, including regional shopping centers
D. from the highest to the lowest topographic point
5. The growth of a community along transportation lines,
such as freeways or rapid transit routes, is best described
as:
A. spatial
B. axial or linear
C. sporadic
D. circular
6. In real estate land use, accessibility means:
A. similar zoning
B. ability to get to a site, and from it to other places
C. social factors that determine use
D. nearness to other businesses
7. According to the classic study by Homer Hoyt, The
Structure and Growth of Residential Neighborhoods in
American Cities, higher-priced homes tend to be built:
A. on flat land
B. near transportation systems
C. near industrial parks
D. on hillsides
8. The physical shape of a city can be changed by:
A. new transportation systems
B. topography
C. new technology
D. all of the above
9. No-growth policies by city governments are an example
of what type of force?
A. political
B. economic
C. physical
D. social
10. The future growth patterns of large U.S. cities will be
heavily influenced by:
A. transportation systems
B. environmental concerns
C. telecommunications systems
D. all of the above
11. Which transportation vehicle or system is considered
random?
A. trains
B. automobiles
C. subways
D. streetcars
12. Comparative advantage means the:
A. increased benefit that a particular building gives to a
particular site
B. locational benefit to a user gained by a site being in the
central area of a town
C. increased benefit to a user that a particular property
gains from the advantages it may have over less desirable
properties
D. locational forces that shift town growth away from
desirable areas
13. When an existing building is demolished and a new,
more profitable building is constructed, this is an
application of:
A. the economics of succession
B. the principle of change
C. highest and best use
D. all of the above
RE 165 Real Estate Economics
Due 5/10/2012
Quiz for Chapter 7: Community Growth Patterns
14. The pattern of land use in cities is based solely on the
interplay of private market forces.
A. true
B. false
15. The four dominant factors shaping land-use patterns
for small cities are:
A. origins, social issues, politics, and change
B. topography, transportation, economics, and politics
C. topography, transportation, social issues, and change
D. origins, accessibility, topography, and transportation
16. Each land use tends to seek that location that has the
best combination of benefits and minimal problems. This is
called:
A. zoning
B. comparative advantage
C. eminent domain
D. concentric growth
17. Accessibility and topography have strong influences on
land-use patterns.
A. true
B. false
18. In modern U.S. cities, land-use patterns are no longer
influenced by major transportation systems.
A. true
B. false
19. After a town is formed, the forces of proximity and
__________are in a continual tug of war over the locations
of new buildings.
A. productivity
B. import goods
C. obsolescence
D. accessibility
20. Leapfrogging is the label applied:
A. when a new town is established
B. when a new location is selected well away from existing
central locations
C. to the process of growth established by a new freeway
D. when property is rezoned
21. The wedge describes the manner in which:
A. a new transit system alters the pattern of land uses
B. a shift of a major government building changes uses
C. the principle of change influences government policies
D. concentric rings of uses break into slices of different
values
22. The ever-increasing use of electronic equipment such
as the Internet, cell phones, and interactive TV could
lessen the need for additional office buildings in downtown
areas of major U.S. cities.
A. true
B. false
23. Without zoning laws, similar land uses tend to cluster
together: residential with residential, commercial with
commercial, manufacturing with manufacturing, because
of the principle of:
A. change
B. substitution
C. decreasing returns
D. comparative advantage
24. Which main transportation system allows the most
flexibility in the location of manufacturing plants?
A. railroads
B. trucking
C. waterways
D. airlines
25. The increased use of the Internet and other
communication systems changes land-use patterns by:
A. increasing the power of existing locations
B. making cities more linear in shape
C. reducing the need for physical proximity to other uses
D. reducing the leapfrogging Tendency