A rent ceiling results in a shortage. As a result, which of the following do you expect?
A) Discrimination as landlords choose their tenants, possibly based on race, age, or
gender.
B) A black market for apartments whereby higher rents are obtained through various
other
charges.
C) The shortage will persist as long as the ceiling is in effect.
D) All of the above would be expected.
Give this one a try later!
all of the above would be expected
Positive and normative statements differ in that
A) normative statements depict "what is" and positive statements depict "what ought
, to be."
B) normative statements can be tested, whereas positive statements cannot.
C) positive statements can be tested, whereas normative statements cannot.
D) normative statements never use the word "should."
Give this one a try later!
positive statements can be tested, whereas normative statements cannot.
In the 1960s, white rhinos were nearly extinct in Africa, while black rhinos had a
population of nearly 100,000. By the mid-2000s, the population of white rhinos had
increased to over 10,000, while black rhinos
were down to just about 4,000. Based on the required blog post reading on this topic,
what best explains this pattern?
A) Black rhino hunting was legal, while white rhinos were a protected species, so the
white rhino population was able to recover.
B) Black rhinos are more valued as trophies for hunters than white rhinos, so demand
is far greater for black rhinos.
C) Black rhinos mostly live in countries with weak property rights over wildlife, while
white rhinos mostly live in countries where breeders can sell hunting rights and have
incentives to protect animals from poachers.
D) The tragedy of the commons does not apply to animals that are nearly extinct
because they are difficult to find, so the white rhino population was able to recover.
Give this one a try later!
Black rhinos mostly live in countries with weak property rights over wildlife,
while white rhinos mostly live in countries where breeders can sell hunting
rights and have incentives to protect animals from poachers.
What is meant by the term "rational ignorance"?
A) Discrimination as landlords choose their tenants, possibly based on race, age, or
gender.
B) A black market for apartments whereby higher rents are obtained through various
other
charges.
C) The shortage will persist as long as the ceiling is in effect.
D) All of the above would be expected.
Give this one a try later!
all of the above would be expected
Positive and normative statements differ in that
A) normative statements depict "what is" and positive statements depict "what ought
, to be."
B) normative statements can be tested, whereas positive statements cannot.
C) positive statements can be tested, whereas normative statements cannot.
D) normative statements never use the word "should."
Give this one a try later!
positive statements can be tested, whereas normative statements cannot.
In the 1960s, white rhinos were nearly extinct in Africa, while black rhinos had a
population of nearly 100,000. By the mid-2000s, the population of white rhinos had
increased to over 10,000, while black rhinos
were down to just about 4,000. Based on the required blog post reading on this topic,
what best explains this pattern?
A) Black rhino hunting was legal, while white rhinos were a protected species, so the
white rhino population was able to recover.
B) Black rhinos are more valued as trophies for hunters than white rhinos, so demand
is far greater for black rhinos.
C) Black rhinos mostly live in countries with weak property rights over wildlife, while
white rhinos mostly live in countries where breeders can sell hunting rights and have
incentives to protect animals from poachers.
D) The tragedy of the commons does not apply to animals that are nearly extinct
because they are difficult to find, so the white rhino population was able to recover.
Give this one a try later!
Black rhinos mostly live in countries with weak property rights over wildlife,
while white rhinos mostly live in countries where breeders can sell hunting
rights and have incentives to protect animals from poachers.
What is meant by the term "rational ignorance"?
