In Zimbabwe and Namibia, a limited number of permits to hunt elephants are sold to hunters, and the revenue from the permits is shared with local residents
This gives the residents a financial incentive to ________, and as a result, the elephant populations have ________ in those countries. A) stop protecting elephants from poachers; dwindled
B) preserve elephant habitat; disappeared
C) stop protecting elephants from poachers; grown
D) protect elephants from poachers; rebounded
D
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Refer to Figure 9-4. Suppose the government allows imports of leather footwear into the United States. What will be the quantity of imports?
A) Q0 B) Q1 C) Q2 D) Q2 - Q0
After selling 1,000 three-ring binders Tony DiFulvio realizes that the marginal revenue from selling the last binder was less than the marginal cost. From this we can conclude that
A) Tony should shut down his business temporarily. B) Tony's profit would be greater if he sold an additional three-ring binder. C) Tony's business earns a short-run economic profit. D) Tony's profit fell after selling his 1,000th three-ring binder.