Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Chapter ST11, Problem 2CQ
To determine
The economic view of free entry into the national parks.
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Our economy is based on using resources. We sell resources and use resources to manufacture and transport products. We use resources to run businesses and in our everyday lives. Is this good for the environment? Why do companies sometimes do things that are not good for the environment?
You overpopulate the land and destroy everything
What is a resource that you share with your family or neighbors? Is it being over-consumed? And if not, what is preventing people from over-consuming it?
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Economics: Private and Public Choice
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- How are important values such as sustainability reflected in the marketplace today?arrow_forwardSelect the statement that accurately describes traditional economies. Traditional economies determine what goods are produced through customs, traditions, and beliefs. Traditional economies are based strictly on agriculture. In a traditional economy, the government controls what goods and services are produced. There are no longer any societies that use a traditional economy.arrow_forwardDiscuss two ideas on how environmental challenges can create business opportunities use your words Use the editor to format your answerarrow_forward
- Address specific issues identified separately;arrow_forwardSelect the good that doesn't belong to the same group. National defense Pollution control Public park Tornado sirenarrow_forwardWe talked about many reasons why agriculture is so important. Explain why it is so important,and give some factors that make it more complicated than a traditional business.arrow_forward
- A group of businesses who agree to limit production in order to keep prices higharrow_forwardWhat products in your home that gives you social benefits and economic benefits? Give at least 2 examples each and explain why did you classify them as such.arrow_forwardSelect a national issue, define the current landscape for this issue. Specifically, what problems remain despite current public policies?arrow_forward
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