HW Quiz 6 Flashcards
What factors contribute to slow population growth? (Select all that apply)
-coastal counties’ restrictive zoning
-increasing high school dropout rates
-colder and wetter climates
-areas with high levels of unemployment
-coastal counties’ restrictive zoning
-increasing high school dropout rates
-colder and wetter climates
-areas with high levels of unemployment
When firms become more productive by locating closer to similar firms, sharing information, infrastructures, and a pool of relevant workers, this is called:
Agglomeration economies – Agglomeration economies refer to firms becoming more productive if they locate closer to similar firms, enabling them to share information, infrastructures, and a pool of relevant workers, and to reduce the transportation costs of their common inputs and outputs.
Local economies experience greater growth if they:
are economically diverse – Local economies experience greater growth if they are economically diverse, as diversity increases the chance that an area is able to “ride the right horse.” It is also true that the more diversified the economy, the less likely it is that an area becomes calcified by the social and political control of a single-industry constituency
What is the single most important factor in determining future population growth?
Past growth – The study found that the single most important factor in determining future population growth is past growth, a conclusion confirmed by prior studies.
Metropolitan areas that grow the most from a percentage perspective:
Tend to be smaller markets
Real estate professionals must constantly formulate and refine their outlook about the market demand for their products, making operational and strategic adjustments as needed. ___ growth and ___ growth drive residential, office, distribution, and retail demand.
Population, job
True or False: Counties adjacent to the coastlines of the Atlantic, Pacific, and Great Lakes tend to grow more quickly than inland counties.
False
Agglomeration economy benefits are: (select all that apply)
-no longer a force due to the internet and broadband penetration
-only present if firms are within a few blocks of one another
-theoretical only
-none of the options
None of the options
The benefits of agglomeration are:
-sharing information
-sharing infrastructure
-having a pool of relevant workers
-reduce transportation costs of inputs and outputs
What is a primary driver of population growth in the modern U.S.A.?
Immigration – Immigration is a primary driver of population growth. Between 2020 and 2050, immigrants and their offspring will account for about half of the total growth in the U.S. population.
In a downturn, other things being equal, MSAs with relatively high space absorption per job will have less space become vacant as job losses occur.
False
What is required for population growth? (Select all that apply)
-real estate development
-infrastructure development
-less food production
-none of these
-real estate development
-infrastructure development
Population growth requires significant real estate and infrastructure development
Vigilant real estate investors:
Continually refine their investment theses based on new information
Which of the following is the single most important factor in determining future population growth?
-past growth
-economic diversity
-immigrant presence
-weather
-coastal adjacency and zoning
-local income and sales tax rates
-skilled labour force
-none
Past growth
True or False: Tax rates are not uniform across municipalities.
True
