How is elephant preservation affected by property rights?
What will be an ideal response?
Elephant preservation is affected by whether property rights are clearly defined and enforced or whether they are uncertain and not enforced. In those cases where villages were given financial incentives to protect the elephant herds because they received a share of the tourist dollars, the elephant herds have grown. In those cases in which the state had control of the elephant herds but it did not use that control to protect the herds, there was widespread illegal poaching and the elephant herds have declined.
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Where does profit enter in the circular flow? Why?
What will be an ideal response?
High-value, long-term projects benefit from:
A. frequent turnover of lenders in the financial sector. B. leveraging illiquid assets. C. long-term relationships between lenders and borrowers. D. high and volatile inflation rates.