What Does the Fifth Amendment's Takings Clause Reference

question 38

Multiple Choice

What does the Fifth Amendment's takings clause reference?

• A) The right of the government to take private property for public use without paying compensation to the owner.
• B) The requirement that the government pay the owner just compensation if the government wants to take private property for public use.
• C) The right of the government to put individuals in jail for up to ten days without a hearing.
• D) The right of the government to put individuals in jail for up to five days without a hearing.
• E) The requirement that the government compensate an owner for anything destroyed during a search.

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Definitions:

Monopolist

An entity that is the sole provider of a particular product or service in a market, thereby controlling its price.

Downward-Sloping

A term often used in economics to describe a line or curve on a graph that depicts a decrease in one variable as another variable increases, commonly seen in demand curves.

Demand Curve

A graph showing the relationship between a product's price and the quantity of the product that consumers are willing and able to buy, typically downward sloping.

Price Setter

An entity, often a company or monopolistic seller, that has the power to determine the price of goods or services within a market.