Perhaps the Biggest Problem Associated with the Endangered Species Act

question 14

Multiple Choice

Perhaps the biggest problem associated with the Endangered Species Act as it currently stands is that it

• A) tends to protect a limited number of organisms.
• B) often under-represents mammals and insects.
• C) protects animals whose populations are increasing.
• D) currently protects ecosystem diversity.
• E) has not been amended since its passage in 1962.

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Definitions:

Marginal Revenue Product Curve

A graphical representation showing how the addition of one more unit of a resource affects the total revenue.

Law of Diminishing Returns

An economic principle stating that if one factor of production is increased while others are held constant, the overall returns will eventually decrease after a certain point.

Resource Demand Curve

A graph that illustrates the quantity of a resource demanded at various price levels.

Competitive Market

A market structure characterized by many buyers and sellers, where no single entity can affect the market price significantly.