Using present-value analysis, an economist will argue that we do not have to worry about loggers harvesting young trees on private land
A. because it is not profitable for them to engage in any logging.
B. because logging companies do not attempt to maximize profit.
C. because young trees have no market value.
D. because it is more profitable for them to let the young trees grow.
Answer: D
You might also like to view...
Refer to Scenario 14-1. M2 in this simple economy equals
A) $3,000. B) $8,000. C) $14,000. D) $21,000.
A price floor set below the equilibrium price will cause which of the following?
A) an increase in demand B) a shortage C) a surplus D) none of the above
Using public policy to promote health can:
A. contribute to growth. B. take away resources from those that promote growth. C. hurt a country's chance of reaching high growth. D. discourage citizens from taking care of themselves.
Suppose the yen value of a $100,000 wheat import contract rises from ¥12,000,000 to ¥13,000,000 between the contract and the payment date. This implies that the yen value of 1 dollar has declined so that, other things equal, we can expect an increase in Japanese demand for U.S. goods
a. True b. False Indicate whether the statement is true or false