The demand for space derives from the need that market participants (e.g., owner occupants, tenants, renters) have for shelter and convenient access to other locations. This competition for physical location and space occurs in the: a. Government Sector b. Capital Market c. Property Market d. User Market
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- Production ...... a) is an individual activity b) is a social activity c) is a historical event d) is a cultural activityWrite an essay on Market Forces in the Development of Cities.Question 7.7. Markets in which firms sell their output of goods and services are called resource markets. product markets. command markets. mixed markets.
- Discuss resource market.Which of the following statements regarding the Hotelling rent is current? a. It reflects the opportunity cost of extracting the resource today instead of in the future.b. It is the reason that price is equal to marginal cost in the dynamic efficiency model.c. It reflects market power. d. It is the reason that price is lower than marginal cost in the dynamic efficiency model.In a market-based economy, how may governmental policies or regulation impact the inputs market? They can affect workers' willingness to work or firms' willingness to hire. They can affect consumers' willingness to buy They can affect consumers' willingness to buy or firms willingness to produce. They can affect firms' willingness to produce. They can affect workers' willingness to work. They can affect firms' willingness to hire.
- Goods and services that are produced by a household and are not exchanged in a market are known as production.A gasoline station very near a professional football stadium parks car on its lot to make money on game days. Last year it charged $4.00 per car and parked 1000 cars. This year it raised the parking price to $5.00 and parked 850 cars. Did the station owner make a good economic decision in raising the parking prices from one year to the next? Explain.A gasoline station, near a professional football stadium, parks cars on its lot to make money on game days. Last year it charged $4.00 per car and parked 1,000 cars. This year it raised the parking price to $5.00 and parked 850 cars. Did the station owner make a good economic decision in raising the parking prices from one year to the next? Explain
- Use a graph and a written description to explain what happens when an oil shortage leads to reduced supplies of synthetic rubber, a resource that is used for both bicycle and motorcycle tires.QUESTION 1 Choose the most correct answer to the following questions/phrases. Only write down the question number and the letter of your answer. 1.1 economy. (1) 1.1.1 Communism and Socialism are both examples of a A Planned Market C Mixed Open 1.1.2 In a economy various aspects of production are determined by supply and demand. (1) Planned Market Mixed Оpen 1.1.3 An unfair and unethical phenomenon that does not occur in planned economies. (1) Social grants Over-development B. Monopolies Unemployment benefits 1.1.4 In a economy consumer demand is predictable and controllable. (1) A Planned B. Market Mixed Open 1.1.5 The flow of goods, services and knowledge over international borders. (1) Expansion B. Globalisation Free flow D. Customs [5]Economics is the study of how a society manages its resources to