Eminent Domain Is the Right of an Owner in Fee

question 43

True/False

Eminent domain is the right of an owner in fee simple absolute to use his or her property in whatever way he or she wishes.

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Definitions:

Rancher

A person who owns or manages a ranch, where livestock such as cattle or sheep are raised for meat or wool.

Production Possibilities

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.

Opportunity Cost

Forgoing possible gains from alternative paths when one path is chosen.

Farmer

An individual engaged in agriculture, raising living organisms for food or raw materials.