Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

You have moved to a small village in a developing country. The people in this village rely on the nearby forest for the wood they use for cooking. The forest officially is a park and should not be harvested, but there are very few park rangers, and most of them have family reliant on wood products from the forest.

If people in the village work closely together on forest management, in what condition do you expect to find the forest? Why?

Harvesting wood from the forest damages the quality of the water that people in the village drink. If people in the village work closely together, do you expect them to manage the water quality problem well? Explain.

You observe that, in fact, the forest is being rapidly depleted. Why might this problem arise?

If the forest is being rapidly depleted, do you expect the water quality problem to be managed better or not as well as in (b)? Why?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91607058

Have any Question?


Related Questions in Microeconomics

Question do two variations on the tycoon problem with 100

Question: Do two variations on the tycoon problem with 100 firms. In the first, all numbers are the same as in the text, except the probability that a company is good is now .4 instead of .6. How many winner firms will b ...

Question why do the authors of why ation ail place such

Question: Why do the authors of Why ation ail place such heavy emphasis on institutions as one of the most critical elements for the generation of prosperity among developing countries? What other factors do they also de ...

Question despite the existence of research data that might

Question: Despite the existence of research data that might inform policy about development, politicians rarely discuss such data in their speeches. Why do you think that is the case? 140 characters are required to post ...

Question if you own 650 shares of air line inc at 422 270

Question: If you own 650 shares of Air Line Inc at $42.2, 270 shares of BuyRite at $55.45, and 370 shares of Motor City at $9.4, what are the portfolio weights of each stock? The response must be typed, single spaced, mu ...

Question rules restrict how we interact with others and

Question: Rules restrict how we interact with others and, therefore, restrict our ability to engage in exchange. Given these are undesirable (from an economic standpoint), what benefits to rules provide us? What is the d ...

Quesiton economic historians have determined that it took

Quesiton: Economic historians have determined that it took about 40 years from the harnessing of electricity for industrial power until it had a significant impact on productivity growth. The same argument is now being u ...

Question if a coal mining company would be willing to

Question: If a coal mining company would be willing to produce and sell 9 million tons a year at $150/ton, but would be willing to produce and sell 11 million tons a year at $250/ton, - calculate its price elasticity of ...

Question - suppose a countrys debt rises by 10 and its gdp

Question - Suppose a country's debt rises by 10% and its GDP rises by 12%. 1) What happens to the debt-GDP ratio? 2) Does the relative level of the initial values affect your answer?

Question 1 why is it better to measure economic growth via

Question: 1) Why is it better to measure economic growth via real GDP per capital than real GDP? 2) Do some internet research and find out the growth rate of real GDP per capita for last year. How does it compare to our ...

Question suppose the capital gains tax rate were cut from

Question: Suppose the capital gains tax rate were cut from 20% to 15%, which boosted the stock market by 5%. Assuming that 20% of the additional gains were realized, calculate the change in capital gains tax receipts und ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved