Explain why the world's stocks of grizzly bears are more likely to be depleted than the world's stocks of shee
What will be an ideal response?
The world's stocks of sheep are mostly privately owned and carefully managed to provide a sustained stream of sales and profits for the owners long into the future. Grizzly bears are mostly not privately owned, and due to legal and illegal hunting, its stocks can and do dwindle.
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The present value of net benefits (PVNB) is
a. found as (PVB – PVC) b. equal to the ratio of PVB to PVC c. equal to the ratio of PVC to PVB d. not relevant to benefit-cost analysis
Which of the following statements is CORRECT?
A) A change in the quantity demanded means a shift in the demand curve. B) A change in demand means a movement along the demand curve. C) A change in demand and change in quantity demanded means the same thing. D) A change in demand means a shift in the demand curve while change in the quantity demanded means a movement along the demand curve.
When the Fed conducts open market operations, what type of bonds does the Fed purchase?
a. Newly issued bonds from the treasury b. Bonds newly issued by companies c. Previously issued bonds from the treasury d. Bonds previously issued by companies e. Newly issued bonds from other countries
Refer to the graph shown. Assuming that the industry operates under conditions of perfect competition and that the firms seek to maximize profits, this firm will:
A. produce 1,200 square feet of construction in the short run. B. incur economic losses in the short run. C. produce 800 square feet of construction per month in the short run. D. produce 1,000 square feet of construction per month in the short run.