1. The minimum size of a market below which a central place cannot provide a given central good is called the
1) hinterland.
2) range.
3) sector.
4) threshold.
2. Ten different car dealerships have opened their business along 8 consecutive blocks on Camelback Road in Phoenix, Arizona. This is an example of what?
1) direct competition
2) price comparison
3) product location
4) clustering
3. A linkage refers to major traffic arteries that allows traffic to move quickly from one point to another.
1) True
2) False
4. Agglomeration economics can be used to explain.
1) Why complementary establishments locate close to one another.
2) Why competitive establishments locate close to one another.
3) Both 1 and 2.
4) Neither 1 or 2.
5. All of the following are influences affecting the bid-rent curve EXCEPT:
1) High vs Low wages
2) Large vs Small numbers of households bidding
3) Pedestrian vs Vehicle commuters
4) Male vs Female commuters