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10 Cards in this Set
- Front
- Back
- 3rd side (hint)
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California's economy is so large that it actually competes with:
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a. counties.
b. countries. c. conglomerates. d. continents |
b. countries
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The most populous state in the country is:
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a. New York
b. Ohio c. Florida d. California |
d. California
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In California, 98% of the employers are:
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a. small business owners
b. large corporations c. military installations d. federal institutions |
a. small business owners
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An economic system in which most of the economy's resources are privately owned and managed is called:
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a. capitalism
b. socialism c. communism d. Marxism |
a. capitalism
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The increase in market value of real estae defines:
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a. inflation
b. net worth c. purchasing power d. appreciation |
d. appreciation
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A decrease in purchasing power of the dollar describes:
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a. inflation
b. appreciation c. net worth d. median |
a. inflation
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The real estate housing market is influenced by:
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a. the inventory of available housing
b. the affordability of housing c. mortgage interest rates d. all of the above |
d. all of the above
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The best housing market would be created by all of the following except:
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a. adequate housing inventory
b. a low affordability index c. a high affordability index d. low interest rates |
b. a low affordability index
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The price that is midway between the least expensive and most expensive home sold in an area during a given period of time is called:
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a. affordability index
b. inflation c. median home price d. appreciation |
c. median home price
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In California, to work as a real estate salesperson or broker you must have:
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a. a college degree
b. a real estate license issued by the California Depeartmenet of Real Estate c. a driver license d. all of the above |
b. a real estae license issued by the California Department of Real Estate
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