Haiti was once heavily forested. Today, 80 percent of Haiti's forests have been cut down, primarily to be burned to create charcoal. The reduction in the number of trees has led to devastating floods when it rains heavily. This is an example of
A) the tragedy of the commons.
B) tragic externalities.
C) human greed.
D) the consequences of too many people having private property rights.
A
Economics
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To make things simpler and focus attention on what really matters, economists
A) use assumptions. B) respond to incentives. C) think at the margin. D) ignore all variables.
Economics
An increase in the expected price level will
a. increase labor supply, money wages, decrease the price level and income. b. decrease labor supply, increase money wages, decrease the price level and income. c. decrease labor supply, decrease money wages, and decrease the price level and income. d. increase labor supply, decrease money wages, decrease the price level, and increase income.
Economics