The noise from the low altitude combat training the Air Force conducts over the Yippy I-O Ranch causes the ranch's cattle to lose weight. Which of the following actions is not consistent with recognition that the Yippy I-O has a property right to its skies?
a. The Air Force equips its planes with mufflers
b. The Air Force compensates the Yippy I-O for the value of the lost weight.
c. The ranch compensates the Air Force for the cost of moving the exercises to another location.
d. The Air Force pays for cow earplugs for the ranch herd.
c
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The expenditure approach to measuring GDP is based on summing
A) wages, interest, rent, and profit. B) each industry's production. C) the total values of final goods, intermediate goods and services, used goods, and financial assets. D) consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services. E) consumption expenditure, investment, government expenditure on goods and services, and net exports of goods and services minus wages, interest, rent, and profit.
According to research by Robert Fogel, what proportion of the British population in 1780 was so malnourished that they could not perform manual labor?
a. 5 percent b. 10 percent c. 20 percent d. 25 percent