Which of the Following Statements Is NOT True About the Situation

question 80

Multiple Choice

Which of the following statements is NOT true about the situation of illegal wildlife smuggling? 

• A) Poverty is a key reason that people in LDCs indulge in this activity. 
• B) Most poachers are not caught. 
• C) Black market demands soar when a species becomes endangered. 
• D) Exotic animals are safer now that they have more economic value since more money is available for managing them.e

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Definitions:

Inverse Supply

Displaying how supply levels adjust based on varying price points; this model inversely associates the supply quantity with its price.

Inverse Demand

A rephrased definition: It refers to the relationship that shows the price of a good as a function of the quantity demanded, essentially the inverse function of a demand curve.

Tax

A required economic dues or other form of assessment exacted from a taxpayer by government authorities meant to finance government activities and assorted public costs.

Excess Supply

Occurs when the quantity of a good or service supplied is greater than the quantity demanded at a given price.