A hilly, public golf course is often used by sledders in the winter. One of the sledders was quoted as saying, "This is public property, so we have just as much a right to be on these hills as anyone else. Besides, when it snows, golfers can't use the course anyway. Sledding doesn't harm anything." Is he correct? Why or why not?
Sledding can inflict external costs to golf courses. First, it damages the course as runners from the sled dig into the ground and destroy the frozen grass underneath. Second, sledders often build bonfires on the course to stay warm, further damaging the course. Third, sledders often leave trash behind, and this is quite evident when the snow thaws. While none of these factors absolutely will occur, experience suggests they are quite prevalent.
You might also like to view...
The total demand for goods and services at a given price level is also known as
A) autonomous consumption. B) the consumption function. C) equilibrium output. D) planned expenditures.
Cyrus McCormick is best known for
a. manufacturing the mechanical reaper. b. developing hybrid strains of corn. c. introducing chemical fertilizers. d. the invention of the single-horse plow.
What is a multiplier? How does the multiplier effect occur?
What will be an ideal response?
The benefit of a price floor to ________ is ________.
A. consumers; the floor creates excess supply B. producers; the selling price of the product is above the equilibrium price C. consumers; the selling price of the product is below the equilibrium price D. producers; the floor creates excess demand