Alex and Belle Are Both Loggers Wanting to Harvest Timber

question 30

Multiple Choice

Alex and Belle are both loggers wanting to harvest timber from the same forest. Alex prefers to harvest and replant at a sustainable rate; Belle wants to harvest as many trees as possible to maximize short-run profit and then move on. They face the same production costs. If no explicit property right is given over the forest land, then

• A)a property right will be established when trees are cut down and brought to market.
• B)there is no property right over the harvested timber.
• C)Alex and Belle will likely work out an agreement on harvesting and replanting the land.
• D)that implies that government owns and regulates its use.

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Definitions:

Team Development

The process of enhancing the effectiveness, creativity, and efficiency of teams through various stages of growth, including forming, storming, norming, performing, and adjourning.

Preliminary Sense

An initial understanding or intuition about a situation, often formed before having all the information or details.

Performance Advantages

Benefits or superior outcomes achieved by individuals, teams, or organizations that effectively utilize their resources, talents, and strategies.

Conservative Decision

A decision-making approach that involves choosing options that have the least potential for negative outcomes or risks, preferring safety and stability.