Why Do Elephants Face the Threat of Extinction While Cows

question 256

Multiple Choice

Why do elephants face the threat of extinction while cows do not?

• A)Cattle are a valuable source of income for many people, while elephants have no market value.
• B)There is a high demand for products that come from cows, whereas there is no demand for products that come from elephants.
• C)There are still lots of cattle that roam free, while all elephants live in zoos.
• D)Cattle are owned by ranchers, while elephants are owned by no one.

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Definitions:

Moral Hazard

A situation where one party is more likely to take risks because another party bears the consequences of those risks.

Alter Behavior

The process of changing or modifying actions, habits, or conduct.

Production Subsidies

Financial support given by the government to producers or manufacturers to help reduce the cost of producing goods or services.

External Costs

These are costs of a transaction that affect someone who did not choose to incur that cost, often not reflected in the market prices.