Elephants are endangered, but cows are not because
a. cows are not as valuable as elephants.
b. elephants are a common resource, while cows are private goods.
c. cows are a common resource, while elephants are private goods.
d. it is legal to kill cows but not elephants.
b
You might also like to view...
The single most important factor in the 1992 crisis of the EMS was
A) ratification of the Single European Act. B) the near failure of the Maastricht Treaty. C) the fall in unemployment rates throughout the EEC. D) German reunification efforts. E) the outbreak of war in the former Yugoslavia.
It's difficult for a private firm to provide a public good because of free riders
a. True b. False Indicate whether the statement is true or false
If the multiplier is 3, equilibrium real GDP is $1,000 billion, and investment is $400 billion, what will happen if investment decreases to $380 billion? Real GDP will:
a. increase to $1,020 billion. b. increase to $1,060 billion. c. decrease to $980 billion. d. decrease to $940 billion. e. decrease to $970 billion.
The aggregate supply curve shows the negative relationship between general price level and real GDP
a. True b. False Indicate whether the statement is true or false