If Stan's Land Is Condemned in Order to Build a Subway

question 37

Multiple Choice

If Stan's land is condemned in order to build a subway system for the city, he must be given:

• A)the fair market value of the property.
• B)equivalent property.
• C)the option of keeping the property.
• D)his price for the property.

---

Definitions:

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods that can be produced using limited resources to the fullest extent, at a given technology level.

Maximum Combinations

Maximum combinations represent the highest number of product or service bundles that can be produced or offered given a set of resources and technology.

Linear Equation

A mathematical expression that represents a straight line when plotted on a graph, typically in the form y = mx + b.

Vertical Intercept

The point at which a line meets the vertical axis of a graph.