What does the takings clause indicate as far as why and how private property can be seized?
What will be an ideal response?
The takings clause indicates that private property can be seized only if the property in question is being taken for public use, and if private property is seized, just compensation must be received for the property.
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Union wages in the United States are, on average,
a. equal to nonunion wages b. twice as high as nonunion wages c. half of nonunion wages d. 15 percent higher than nonunion wages e. 50 percent higher than nonunion wages
Between 2007 and 2009, the unemployment rate in the U.S.:
A. Fell from 6% to 4.5% B. Rose from 4.7% to 10% C. Rose slightly from 5.5% to 7% D. Remained stagnant at about 7%
Assume that the farmer and the rancher each has 24 labor hours available. If each person spends all his time producing the good in which he has a comparative advantage and trade takes place at a price of 1 pound of pork for 2 pounds of tomatoes, then
A. the farmer will gain from this trade, but the rancher will not. B. the rancher will gain from this trade, but the farmer will not. C. neither the farmer nor the rancher will gain from this trade. D. the farmer and the rancher will both gain from this trade.
By lowering the legal reserve requirement, the Fed restricts banks' abilities to make loans
Indicate whether the statement is true or false