Which of the Following Statements Is Correct

question 24

Multiple Choice

Which of the following statements is correct ?

• A) About 25 percent of the U.S. population earns an income below the poverty line.
• B) About 50 percent of blacks earn an income below the poverty line.
• C) Since 1980 the fraction of persons below the poverty level has risen sharply.
• D) The area of the United States with the highest percentage of the population below the poverty line is the south.

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Definitions:

Express Easements

Rights granted explicitly in writing that allow one party the use of another's land for a specific, limited purpose.

Fee Simple Interest

The most complete form of ownership in real estate, granting the owner full possessory rights and legal ownership, subject to governmental regulations.

Trade Fixture

Personal property attached to leased property by a tenant for business purposes, which can be removed at the lease's end.

Personal Property

Moveable assets or belongings, excluding real estate or land, owned by an individual or business.