Buffalo in the United States Almost Became Extinct While Cattle

question 67

Multiple Choice

Buffalo in the United States almost became extinct while cattle, an animal that provides similar products, never has been close to extinction. The difference is due to

• A) the greater marginal value of a head of cattle relative to buffalo, leading to over-hunting of buffalo.
• B) the greater marginal value of a buffalo relative to a steer, leading to the overharvesting of buffalo.
• C) cattle existing in Europe also while buffalo were specific to North America.
• D) the use of private property rights on cattle and common property rights on buffalo.

Recognize the destructive conflict patterns that can predict relationship breakdowns.

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Definitions:

Annual Payments

Regular payments made once a year, often used in the context of loans, leases, or annuities.

Certificate of Deposit

A savings certificate with a fixed maturity date and fixed interest rate, issued by banks to individuals desiring to save money for a fixed period.

Compounded Annually

The process of calculating interest and adding it to the principal sum of a deposit or loan once per year.

Interest Rate

The rate at which interest is paid by borrowers for the use of money that they borrow from lenders.