Alex and Ben Are Both Loggers Wanting to Harvest Timber

question 46

Multiple Choice

Alex and Ben are both loggers wanting to harvest timber from the same forest.Alex prefers to harvest and replant at a sustainable rate;Ben wants to harvest as many trees as possible to maximize short-run profit,and then move on.They face the same production costs. Refer to the information given.If property rights are poorly enforced or nonexistent:

• A) Ben will choose to harvest as quickly as possible,but Alex will choose to harvest more slowly and replant.
• B) both will harvest trees as quickly as possible,before the other one does.
• C) both now have an incentive to harvest and replant in a sustainable manner.
• D) we would expect them to form an agreement on harvesting and replanting.

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Definitions:

Resistance Movement

a group or organization that actively opposes and fights against an occupying force or government, typically during a war or period of military occupation.

Spinning Bees

Social gatherings in colonial America where women met to spin yarn, weave, and engage in communal work while socializing.

Stamp Act

A British law enacted in 1765 requiring the use of stamped paper for official documents in the American colonies, leading to widespread protest.

Nonimportation Movement

A series of commercial restrictions adopted by American colonists to protest British policies before the American Revolution, specifically targeting goods imported from Britain.