Residents of Hong Kong are able to find restaurants that advertise a dish that contains grizzly bear paws. Since it is unlikely that grizzly bear paws are purchased from a private producer of animal paws, we can likely conclude that
a. international laws making it illegal to sell grizzly bear paws are likely to be very effective at eliminating these offerings at Hong Kong restaurants.
b. higher penalties for poaching grizzly bears will prevent poachers from killing.
c. there are likely to be very few grizzly bear poachers.
d. allowing individuals to own and raise grizzly bears for meat would likely reduce the threat of extinction to grizzly bear populations.
d
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Over the long run, stock prices have
A. generally fallen. B. generally stayed roughly constant. C. generally risen. D. shown no identifiable pattern of change.
Beth, an American citizen, travels to Italy on vacation and buys an espresso machine to bring home. Her purchase increases a. Italy's GDP
b. Italy's GDP and U.S. GDP, since Beth spent dollars buying the machine. c. U.S. GDP since she will have the machine with her at home in the U.S. d. Neither U.S. nor Italy's GDP, since the product was bought in one country and used in another.
Which of the following can occur, when the government imposes a price control on a market?
(a) Excess supply of a good/service. (b) Excess demand for a good/service. (c) Price is not at its equilibrium level. (d) All of the above.
The current U.S. Secretary of Agriculture is ________
Fill in the blank(s) with correct word