Wednesday, February 9, 2011

Multiple Choice Questions for Chapter 2

Multiple Choice Questions

The applied discipline whose focus is the study of the allocation of scarce resources over time is called what?

a) Finance

b) Economics

c) Social Science

d) None of the above

The discipline´s paradigm is a system of shared beliefs, who named it?

a) H. Simon

b) T. Kuhn

c) J.H. von Th√ľnen

d) none of the above

Which of the following are real estate research paradigms?

a) Science paradigm

b) Finance paradigm

c) a and b

d) none of the above

True/False Questions

The inherited theories of the financial paradigm assert that real estate markets are inefficient.

- True

- False

Econometrics modeling is a set of statistics based, sophisticated data evaluation techniques used in real estate to support the accuracy of a research hypothesis.

- True

- False

The discipline of finance derives from economics.

- True

- False

A statement of belief suggested by fundamental theory is called a hypothesis.

- True

- False

The search for inefficiency leads to the use of cognitive shortcuts sometimes called heuristics.

- True

- False

Solutions

a) b) a)

False, True, True, True, False

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