Which statement is unique to the transaction broker relationship?
A) The licensee must disclose all known facts that materially affect the value of the real property.
B) The buyer or the seller must give written consent to enter into the brokerage relationship.
C) The customer is not responsible for the acts of the licensee.
D) The agent is obligated to a duty of obedience.
Answer: C) The customer is not responsible for the acts of the licensee.
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Which of the following scenarios would be considered an investment according to economists?
A. The owner of a fishing company buys Google shares. B. The owner of a fishing company buys new fishing gear. C. The owner of a fishing company buys fuel to run the boats. D. A fishing company buys a few boats from another fishing company that was shutting down.
The quantity supplied of a good or service is the
A) quantity produced at one price. B) one quantity produced at a variety of prices. C) list of all quantities at different prices, as illustrated by a supply schedule and a supply curve. D) list of all quantities at different prices, as illustrated by a demand schedule and a demand curve.
Training policies adapt the demand for labor to the supply of labor
Indicate whether the statement is true or false
An auxiliary regression refers to a regression that is used:
A. when the dependent variables are qualitative in nature. B. when the independent variables are qualitative in nature. C. to compute a test statistic but whose coefficients are not of direct interest. D. to compute coefficients which are of direct interest in the analysis.