Deforestation Is Occurring in Tropical Areas Because

question 35

Multiple Choice

Deforestation is occurring in tropical areas because

• A)long-run economic considerations outweigh short-run considerations
• B)global economic considerations outweigh domestic considerations
• C)tropical soil is good for growing farm crops
• D)the value of jobs created by deforestation exceeds the cost to society
• E)there is no property right to the earth's climate

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Definitions:

Marginal Cost

The escalation of the total expenditure incurred from making one more unit of a product or service.

Price of Capital

The cost of using capital resources, typically interest or rental rates paid on capital.

Units of Output

A measurement or quantification of production volume, signifying the number of units of a good or service produced.

Marginal Cost

The expenditure related to manufacturing one more unit of a product or service.