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Not For Sale: Kelo v NLDC Vocabulary

Total questions: 20

Worksheet time: 8mins

Name
Class
Date
1.

repeal or do away with (a law, right, or formal agreement)

a)

abrogate

b)

alienate

c)

compensation

d)

impermissable

2.

transfer ownership of (property rights) to another person or group.

a)

abrogate

b)

alienate

c)

compensation

d)

revenue

3.

the right of a government or its agent to take private property for public use, with fair compensation.

a)

fair market value

b)

due process

c)

eminent domain

d)

abrogate

4.

being paid for the loss or destruction of property

a)

compensation

b)

alienate

c)

fair market value

d)

due process

5.

sum of money used in business or government (in the form of taxes) to provide goods & services

a)

compensation

b)

revenue

c)

abrogate

d)

eminent domain

6.

synonym of "violate"

a)

infringe

b)

impeach

c)

impermissable

d)

individual

7.

the fair treatment of all citizens & respect for their rights in the eyes of the law.

a)

due process

b)

takings clause

c)

eminent domain

d)

just compensation

8.

"...nor shall private property be taken for public use, without just compensation."

a)

Takings Clause

b)

Santa Claus

c)

Privacy Clause

d)

Expression Clause

9.

"...nor shall private property be taken for public use, without just compensation", meaning that if the government does take away private property, it has to...

a)

pay you fair market value for the property.

b)

pay you the lowest value possible.

c)

sell your land like a real estate agent.

d)

buy you another property in a different location.

10.

too bad to be allowed; sleazy business dealing.

a)

impossible

b)

impermissible

c)

passable

d)

ethical

11.

The Takings Clause outlining the government's eminent domain powers is found in the...

a)

1st Amendment

b)

3rd Amendment

c)

4th Amendment

d)

5th Amendment

12.

Brecknock Park is an example of a ________________ service.

a)

private

b)

public

13.

American Eagle Outfitters is an example of a ________________ service.

a)

private

b)

public

14.

Rehoboth Beach parking is an example of a _____________________ service.

a)

private

b)

public

15.

Walmart is an example of a ___________________ service.

a)

private

b)

public

16.

Which economic concept identifies how rewards motivate human behavior?

a)

incentive

b)

entrepreneurship

c)

spontaneous order

d)

subjective value

17.

Which economic concept describes how many times economic decisions have invisible & visible consequences?

a)

entrepreneurship

b)

gains from trade

c)

seen or unseen

d)

incentives

18.

Which economic concept describes how nothing is free, and that every decision you make means you decide not to do something else?

a)

subjective value

b)

entrepreneurship

c)

incentive

d)

opportunity cost

19.

Which economic concept is summarized by, "one man's trash is another man's treasure"?

a)

subjective value

b)

incentive

c)

gains from trade

d)

opportunity cost

20.

In any economic exchange, both parties tend to believe that the exchange is for their own benefit. Which economic concept is this?

a)

gains from trade

b)

subjective value

c)

incentive

d)

comparative advantage