Many species of animals are common resources, and many must be protected by law to keep them from extinction. Why is the cow not one of these endangered species even though there is such a high demand for beef?
a. Cows reproduce at a high rate and have adapted well to their environment.
b. Public policies protect cows from predators and diseases.
c. Cows are privately owned, whereas many endangered species are owned by no one.
d. There is a natural ecological balance between the birth rate of cows and human consumption.
c
Economics
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If for a given year nominal GDP is $2,000 billion and real GDP is $1,500 billion, then the GDP price index is
A) 133. B) 1.33. C) 100. D) 0.75. E) 750.
Economics
Fast-second strategies are more likely to be used by:
A. dominant firms than by start-up firms. B. pure competitors rather than by oligopolists. C. start-up firms rather than by existing firms. D. entrepreneurs rather than by corporations.
Economics