Which of the Following Is Considered Personal Property

question 2

Multiple Choice

Which of the following is considered personal property?

• A)non-navigable river
• B)soybeans growing in a field
• C)apple trees
• D)vineyard

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Definitions:

Import

The act of bringing goods or services into one country from another for the purpose of sale.

Compasses

Instruments used for navigation and orientation that show direction relative to the geographic cardinal directions (North, South, East, and West).

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than others with the same resources.

Gain From Trade

The benefit that arises from efficient allocation of resources, allowing parties involved to obtain goods or services they desire at a lower opportunity cost.