MOST lawsuits involving real estate matters can be described as
A. criminal proceedings.
B. administrative agency actions.
C. common-law actions.
D. civil actions.
Answer: D. civil actions.
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In the context of property rights, which of the following best exemplifies private action?
A. Levying excessive taxes B. Requiring expensive licenses or state permits from private property holders C. Taking assets into state ownership without compensating the owners D. Government bureaucrats demanding bribes from businesses in return for the rights to operate in a country E. Business owners stealing their competitors' trade secrets and intellectual properties
Which of the following is NOT an attribute of knowledge?
A) Knowledge is not subject to diminishing returns. B) Knowledge fragments as it grows. C) There is a need to refresh knowledge periodically for competitive advantage. D) The value of knowledge is easily quantified.