Which of the Following Is NOT Personal Property

question 37

Multiple Choice

Which of the following is NOT personal property?

• A) Trees that have been cut into logs.
• B) An air-conditioning system before it is installed in a house.
• C) Building materials.
• D) A 140-acre farm.

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Definitions:

Exporter

An individual or company that sells goods or services to another country.

Domestic Consumers

People or families in a nation buying products and services for their own consumption.

Silk

A natural protein fiber, obtained from the cocoons of silkworms, used in the textile industry for making luxurious fabrics.

Trade

The act of buying, selling, or exchanging goods and services between parties within or across national borders.