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Name: Homework 4

horizontal rule

Instructions:  

horizontal rule

Question 1   Multiple Choice (1 points)
  Question: Economic Characteristics of real estate include:

 
    Scarcity
Interdependence or modification
Situs
Long life
all of the above
 

 
Question 2   Multiple Choice (1 points)
  Question: Value of real property depends on its




 
    effective demand
Utility
Scarcity
all of the above
 

 
Question 3   Multiple Choice (1 points)
  Question: Which one of the following is the theoretical basis for the cost approach?
 
    demand theories
supply theories
market equilibrium theories
none of the above
 

 
Question 4   Multiple Choice (1 points)
  Question: Which one of the following is the theoretical basis for the income-capitalization approach?
 
    supply theories
demand theories
market equilibrium theories
none of the above
 

 
Question 5   Multiple Choice (1 points)
  Question: Which one of the following is the theoretical basis for the sales-comparison approach?
 
    supply theories
demand theories
market equilibrium theories
none of the above