1. An estate for a state period may be terminated without obligation by either party at any time.
A: True.
B: False
2. The value of future benefits or future utility is the basic of principle of :
A: substitution,
B: determination,
C: anticipation,
D: contribution
3. In a space market with flat long- run marginal costs of increasing the supply, an increase in demand for space would be met with
A: an increase in equilibrium price.
B: a decrease in equilibrium price.
C: no change in equilibrium price.
D: stagnant deflation
4. In the direct capitalization method, net operating income is divided by capitalization rate to arrive at an estimate value:
A: true.
B: false