Why has the value of ivory threatened the extinction of the elephant, whereas the value of beef has enhanced the survival of the cow?
a. Cows are a common resource, whereas elephants are owned by governments.
b. Elephants are larger than cows, requiring more economic resources.
c. Elephants live in Africa, where economic resources are scarce.
d. Elephants are a common resource, whereas cows are privately owned.
d
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After 1945, the national debt as a percent of GDP:
a. decreased slightly. b. decreased substantially. c. remained about the same. d. increased slightly. e. increased substantially.
Answer the question on the basis of the following national income data. All figures are in billions of dollars. Personal Taxes 23 Net Private Domestic Investment 33 Net Exports 6 National Income 278 US Exports 20 Gross Private Domestic Investment 56 Disposable Income 220 Taxes on Production and Imports 32 Undistributed Corporate Profits 15 Proprietor's Income 45 Net Foreign Factors Income 0 Statistical Discrepancy 0 Refer to the above data. Personal consumption expenditures:
a) cannot be calculated. b) are $231. c) are $225. d) are $205.