A charitable corporation buys a new piece of land with plans to start building a hospital in two years. On the next property tax assessment date, the land is still vacant, and construction has not begun. In most states, what is the most likely result of the charity's petition for exemption from real estate taxes?A. Because the charity owns the land, the property is exempt. B. Because the land is not being used, the property is not exempt.
C. If building permits have been issued, the property is exempt.
D. If the charity is a church, the property is exempt.

B. because the land is not being used, the property is not exempt

Explanation:

From the information given in the question, we are told that a charitable corporation buys a new piece of land with plans to start building a hospital in two years and that as at the the next property tax assessment date, the land is still vacant, and construction work has not begun on the land.

The most likely result of the charity's petition for exemption from real estate taxes will be that the property will be that because the land is not being used, the property is not exempt.

answer; foreign exchange transaction;

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.