If Niles and Frasier Buy a "Fee Simple" Interest,which of the Following

question 143

Multiple Choice

If Niles and Frasier buy a "fee simple" interest,which of the following is true with regard to their rights?

• A)Today a person's right to the area above his land is restricted to that part of it he can make use of.
• B)The maxim "to whomsoever the soil belongs,he owns also to the sky" remains unchanged and is as valid today as ever.
• C)You can sue an airplane for trespass for flying at 30 000 feet over your property.
• D)Niles and Frasier have rights to the area under their land,including the mineral rights.
• E)In law,Niles and Frasier are entitled only to the surface of the earth within the boundaries.

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Definitions:

Loanable Funds Curve

A graphical representation of the market for loanable funds, showing the relationship between the interest rate and the quantity of loanable funds supplied and demanded.

Real Interest Rate

The interest rate adjusted for inflation, showing the true cost of borrowing or the real yield on an investment.

Saving

The portion of income not spent on consumption or taxes and is typically set aside for future use or emergencies.

Protectionist Policies

Protectionist policies are governmental actions and policies that restrict or restrain international trade, often with the intent of protecting local businesses and jobs from foreign competition.