You Own a Ranch,and the Surrounding Areas Are Being Developed

question 71

Multiple Choice

You own a ranch,and the surrounding areas are being developed for residential and commercial use.You want to limit development on your property and preserve the conservation value of your ranch.Which of the following conservation efforts would be the best option?

• A)a debt-for-nature swap
• B)ecotourism
• C)joining a nonprofit organization
• D)a conservation easement

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Definitions:

Returns to Scale

The rate at which production increases in response to proportional increases in all inputs.

Marginal Product

The extra yield generated from the utilization of one additional unit of a certain input while maintaining the levels of all other inputs unchanged.

Labor Hours

The total number of hours worked by all employees of a company.

Acceptance

In contract law, the offeree's indication to the offeror that the offeree agrees to be bound by the terms of the offeror’s offer or proposal to form a contract.