Which of the following statements holds true for eminent domain?
(a) The costs are diverse and the benefits concentrated to those special groups who secured it.
(b) It supports rent-seeking where some individuals gain and others lose.
(c) The owner of the property secured through eminent domain has no legal recourse.
(d) It is well-defined and has been applied throughout U.S. history with consistency and accuracy
to support economic growth and development.
(b)
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A sole proprietorship is the type of business that has ________ government rules and regulations affecting it
A) the fewest B) the most C) no D) only federal
Since 1900, real GDP per capita has ________ and this measure ________ the actual growth in standards of living in the United States over this time
A) increased; overstates B) decreased; understates C) increased; understates D) decreased; overstates
A hostile takeover is one opposed by the firm’s existing management.
Answer the following statement true (T) or false (F)
Because of automatic stabilizers, disposable income varies proportionately less than real GDP during periods of economic fluctuations
a. True b. False Indicate whether the statement is true or false