All of the Following Statements About the Online Real Estate

question 49

Multiple Choice

All of the following statements about the online real estate services market are true except:

• A) The major impact of Internet real estate sites is in influencing offline decisions.
• B) Real estate differs from other types of online financial services because it is impossible to complete a property transaction online.
• C) The primary service offered by real estate sites is a listing of houses available.
• D) The Internet and e-commerce have created significant disintermediation in the real estate marketplace.

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Definitions:

International Trade

The exchange of goods and services between countries, allowing for increased efficiency and market expansion.

Labor

The work and time for which employees are paid.

Resources

The total means available for economic and political development, such as minerals, labor, and capital.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than competitors.