In countries like Botswana and Zimbabwe, local villages have been given property rights over local elephants with the result that elephant populations:
A. have been decimated as villagers try to maximize short-run profit.
B. have grown as villagers have protected the elephants to support their tourist industry.
C. have grown exponentially, with adverse environmental impacts.
D. are in serious decline as ivory prices have risen.
Answer: B
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A) $0 B) -$1 C) $1 D) $2
Using the information in the table, develop the four-firm concentration ratio. Would you classify this industry as an oligopoly? Explain your answer
What will be an ideal response?
As emissions levels stabilize for a stock pollutant
a. Health and other impacts also stabilize b. Health and other impacts begin to decrease c. Health and other impacts continue to increase d. Health and other impacts may increase or decrease e. Health and other impacts are reduced to zero
The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.