Forms of Property and Ownership

Description: This quiz will test your knowledge on the various forms of property and ownership.
Number of Questions: 15
Created by:
Tags: economics economic anthropology forms of property and ownership
Attempted 0/15 Correct 0 Score 0

Which of the following is NOT a form of property ownership?

  1. Private property

  2. Public property

  3. Common property

  4. State property


Correct Option: D
Explanation:

State property is not a form of property ownership, but rather a form of government control over property.

In a private property system, who has the exclusive right to use, enjoy, and dispose of property?

  1. The government

  2. The community

  3. The individual owner

  4. All of the above


Correct Option: C
Explanation:

In a private property system, the individual owner has the exclusive right to use, enjoy, and dispose of property.

In a public property system, who has the right to use, enjoy, and dispose of property?

  1. The government

  2. The community

  3. The individual owner

  4. All of the above


Correct Option: A
Explanation:

In a public property system, the government has the right to use, enjoy, and dispose of property.

In a common property system, who has the right to use, enjoy, and dispose of property?

  1. The government

  2. The community

  3. The individual owner

  4. All of the above


Correct Option: B
Explanation:

In a common property system, the community has the right to use, enjoy, and dispose of property.

Which of the following is an example of private property?

  1. A house

  2. A car

  3. A public park

  4. A forest


Correct Option: A
Explanation:

A house is an example of private property because it is owned by an individual.

Which of the following is an example of public property?

  1. A school

  2. A hospital

  3. A private residence

  4. A shopping mall


Correct Option: A
Explanation:

A school is an example of public property because it is owned by the government.

Which of the following is an example of common property?

  1. A pasture

  2. A fishing ground

  3. A forest

  4. All of the above


Correct Option: D
Explanation:

A pasture, a fishing ground, and a forest are all examples of common property because they are owned by a community.

What is the main difference between private property and public property?

  1. Private property is owned by individuals, while public property is owned by the government.

  2. Private property can be used for any purpose, while public property can only be used for public purposes.

  3. Private property can be sold, while public property cannot be sold.

  4. All of the above


Correct Option: D
Explanation:

The main difference between private property and public property is that private property is owned by individuals, while public property is owned by the government. Private property can be used for any purpose, while public property can only be used for public purposes. Private property can be sold, while public property cannot be sold.

What is the main difference between private property and common property?

  1. Private property is owned by individuals, while common property is owned by a community.

  2. Private property can be used for any purpose, while common property can only be used for certain purposes.

  3. Private property can be sold, while common property cannot be sold.

  4. All of the above


Correct Option: D
Explanation:

The main difference between private property and common property is that private property is owned by individuals, while common property is owned by a community. Private property can be used for any purpose, while common property can only be used for certain purposes. Private property can be sold, while common property cannot be sold.

What are some of the advantages of private property?

  1. It encourages investment and innovation.

  2. It promotes economic growth.

  3. It protects individual rights.

  4. All of the above


Correct Option: D
Explanation:

Some of the advantages of private property include that it encourages investment and innovation, promotes economic growth, and protects individual rights.

What are some of the disadvantages of private property?

  1. It can lead to inequality.

  2. It can be used to exploit workers.

  3. It can damage the environment.

  4. All of the above


Correct Option: D
Explanation:

Some of the disadvantages of private property include that it can lead to inequality, be used to exploit workers, and damage the environment.

What are some of the advantages of public property?

  1. It provides essential services to the public.

  2. It can be used to promote social equality.

  3. It can help to protect the environment.

  4. All of the above


Correct Option: D
Explanation:

Some of the advantages of public property include that it provides essential services to the public, can be used to promote social equality, and can help to protect the environment.

What are some of the disadvantages of public property?

  1. It can be inefficient.

  2. It can be subject to political corruption.

  3. It can stifle innovation.

  4. All of the above


Correct Option: D
Explanation:

Some of the disadvantages of public property include that it can be inefficient, subject to political corruption, and stifle innovation.

What are some of the advantages of common property?

  1. It can promote cooperation and community spirit.

  2. It can help to protect the environment.

  3. It can provide a safety net for the poor.

  4. All of the above


Correct Option: D
Explanation:

Some of the advantages of common property include that it can promote cooperation and community spirit, help to protect the environment, and provide a safety net for the poor.

What are some of the disadvantages of common property?

  1. It can be difficult to manage.

  2. It can lead to overexploitation of resources.

  3. It can be difficult to exclude non-members from using the resource.

  4. All of the above


Correct Option: D
Explanation:

Some of the disadvantages of common property include that it can be difficult to manage, lead to overexploitation of resources, and be difficult to exclude non-members from using the resource.

- Hide questions