Which One of the Following Would Economists Classify as Land

question 147

Multiple Choice

Which one of the following would economists classify as land?

• A)an automotive plant in British Columbia
• B)rich agricultural soil in Saskatchewan
• C)an oil rig in the Atlantic Ocean
• D)an elementary school in Nova Scotia
• E)automobiles parked in a parking lot in Manitoba

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Definitions:

Birthday Gift

An item or service given to someone on the occasion of their birthday without expectation of payment.

Inherits

To receive property, titles, or rights from a deceased person's estate according to a will or as determined by law.

Lost Property

Items that are unintentionally left by their owner at a place where they are not likely to be found.

Mislaid Property

Property that is intentionally placed somewhere but then forgotten by the owner.