Which of the following statements holds true for eminent domain?
(a) The costs are diverse and the benefits concentrated to those special groups who secured it.
(b) It supports rent-seeking where some individuals gain and others lose.
(c) The owner of the property secured through eminent domain has no legal recourse.
(d) It is well-defined and has been applied throughout U.S. history with consistency and accuracy
to support economic growth and development.
Question 2
Mass production during U.S. industrialization involved using which of the following?
(a) Interchangeable parts
(b) Division of labor and specialization
(c) The assembly line
(d) All of the above
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