Diane Ray – Chapter 4 M/C and T/F Questions

1.         The study of economic relationships over space is referred to as

            a.         Thunen Rings

            b.         Highest and best use

            c.         Situs

            d.         Spatial economics

2.      Which of the following represents the relationship between land prices and accessibility for a given  regions?

            a.         Transportation costs

            b.         Bid-rent curve

            c.         Land value gradient

            d.         None of the above

 3.   What most closely determines a land value gradient in a particular market?

            a.         Competitive advantage

            b.         Opportunity costs

            c.         Fuel prices

            d.         Bid-rent curves

 4.         Situs refers to the important qualities of a particular location

            True

            False

5.         Land value is a function of accessibility

            True

            False

 6.         The land value gradient is determined by bid-rent curves in a particular market

            True

            False

 7.         Highest and best use of land is the single land use that produces the highest return or price to society

            True

            False

 8.         Non-basic employment is employment in a local economics export industries

            True

            False

1-d, 2-b, 3-d, 4-T, 5-T, 6-T, 7-T, 8-F