In Practice, the Focus of the Endangered Species Act Is

question 317

Multiple Choice

In practice, the focus of the Endangered Species Act is on:

• A) the purchase of habitat by the Fish and Wildlife Service to expand breeding ranged for endangered species
• B) the elimination of hazards, such as pesticides and herbicides, that threaten endangered species
• C) breeding programs, often in captivity, to preserve the genetic stock of endangered species
• D) all of the other choices are part of the active programs initiated by Congress to protect species
• E) none of the other choices

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers at various price levels.

Consumer Surplus

The divergence between the aggregate amount consumers are willing and have the means to pay for a good or service, and what they truly pay.

Producer Surplus

The disparity between what sellers are ready to take for a product or service and the actual amount they get.

Minimum Imposed Price

A price floor set by the government or other regulatory body, above the equilibrium price, to prevent prices from falling too low.