1.
Read the excerpt and answer the question.
The city's refusal to allow the house to be torn down demonstrates limits to which characteristic of free enterprise?
AO Opportunity costs
Market competition
Private property
Voluntary exchange
B.
The owner of a house designed by Frank Lloyd Wright in Phoenix wanted to demolish the
house and build two new houses on the property. The city wanted to preserve the famous
house and declared it a historic building, meaning it could not be torn down.
C.