Real Estate QUIZMASTER

1. Real Estate QUIZMASTER MSAs and CMSAs Definitions Analytical Numerical Miscellaneous 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500 “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

2. Real Estate QUIZMASTER MSAs and CMSAs Definitions Analytical Numerical Miscellaneous 100 100 100 100 100 200 200 200 200 200 300 300 300 300 300 400 400 400 400 400 500 500 500 500 500 “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

3. Definitions for 100 • The engine that drives the city’s sources of income “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

4. Definitions for 200 • The phenomenon that occurs • when one firm benefits from the • nearby location of another • firm without the first firm being • able to fully profit from this • benefit “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

5. Definitions for 300 • Cost or productivity • advantages to the clustering • of firms or worksites • physically near each other “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

6. DAILY DOUBLE “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

7. Daily DoubleDefinitions for 400 • The minimum population needed to support an efficient production process “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

8. Definitions for 500 • The proportion of total local employment in a given industry divided by the proportion of total national employment in that same industry “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

9. Analytical for 100 • The _____ between • centripetal and centrifugal • forces will dictate the • number and size of cities “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

10. Analytical for 200 • If the LQ is very much larger than _____, the implication is that the industry is part of the export sector of the local economic base “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

11. Analytical for 300 • The _____ the number of digits in the SIC code, the broader the definition of employment sectors or industries “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

12. Analytical for 400 • ______ industries will tend to locate near major raw material supplies “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

13. Analytical for 500 It is only the _____ sector jobs that can create regional growth or decline “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

14. MSAs and CMSAs for 100 • An MSA must have a population of at least ________ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

15. MSAs and CMSAs for 200 • C M S A “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

16. MSAs and CMSAs for 300 • The MSAs which constitute a CMSA must have a combined population of at least __________ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

17. MSAs and CMSAs for 400 • MSAs constitute nearly _______ of the total U.S. land area “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

18. MSAs and CMSAs for 500 • Nearly _____% of all U.S. residents reside in urbanized MSAs (including CMSAs) “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

19. Numerical for 100 Of 2, 3 or 2000, the population multiplier ratio, if the hiring of 500 workers creates a net population increase of 1500 people “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

20. Numerical for 200 The largest city’s population will be approximately ________________, if a city ranked 4th has a population of 822,230 “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

21. Numerical for 300 • Sydney, Los Angeles and Sao Paulo would fall under the _____-order level of cities “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

22. Numerical for 400 • If total Canadian employment is $10,000,000 and the Canadian maple syrup industry is 10,000, while the total Winnipeg employment is 50,000, then the Winnipeg maple syrup employment needs to be_______, for the LQ for the maple syrup industry in Winnipeg to • be 2 “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

23. If the Employment Multiplier is 5, then the ___________ will be 5,000 if the Export Employment Increase is 1,000 Numerical for 500 “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

24. Miscellaneous for 100 • The ______ rule asserts that individual cities in a system of cities will tend to sort themselves out into a regular pattern of sizes “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

25. Miscellaneous for 200 August Losch developed the __________ by examining the problem of location on a featureless plain “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

26. Miscellaneous for 300 • Losch’s key geometric • insight was that hinterlands • would assume a _____ • shape on a homogeneous • plane “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

27. Miscellaneous for 400 • C B D “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner

28. Miscellaneous for 500 • A featureless plain with no transportation and communication costs is considered _________ “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner