Some nations are increasing the amount of land covered by forests, while others are experiencing rapid deforestation. According to economists, this is largely because:
A. different nations have different ethical views regarding treatment of the environment.
B. nations with increasing forest cover have poorly enforced or nonexistent property rights.
C. nations with declining forest cover treat forests as private property or strictly regulated
government property.
D. nations with increasing forest cover treat forests as private property or strictly regulated
government property.
Answer: D
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A difference between a quota and a tariff is that
A. the government collects revenues from a tariff, which does not happen with a quota. B. a quota increases profits of domestic producers more than a tariff does. C. a tariff generates a higher price than a quota does. D. a tariff generates a greater reduction in exports.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. Initially after the payroll tax is imposed, there will be
A. an equilibrium in the labor market. B. an excess supply of labor of 150 units. C. an excess supply of labor or 100 units. D. an excess demand for labor of 100 units.