Why do salmon populations face extinction the world over while goldfish populations face no such danger??...
Why do salmon populations face extinction the world over while goldfish populations face no such danger?? Explain by identifying which of the two is private good and which one is a common resource. Your response should be NO less than 150 words.
Homework Answers
Salmon is a common resource, nobody owns it. Anybody can catch it at free of cost and sell it to earn profit. Nobody can prevent others to catch, sell or consume it at no cost. Salmon population face extinction because there is no restriction to catch it and people catch it frequently.
Goldfish is a private good. Private goods are those goods that need to be purchased, it is not available for free. Again consumption of a private good by one consumer prevents others to consume it. Goldfish are kept as pet by those people who purchase it. The pet shop owners breed goldfish to sell customers and make profits out of it. Here the goal of the pet shop owner in breeding Goldfish is to make a profit. He can't breed the Goldfish without a profit incentive. Goldfish population do not face extinction because only limited people can possess it who pays for it and the pet shop owner can breed it only when he has the profit incentive to do so.
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Why do salmon populations face extinction the world over while
goldfish populations face no such danger??...
4. Use the concept of common resources to explain why wild salmon faces extinction while goldfish...
4. Use the concept of common resources to explain why wild salmon faces extinction while goldfish face no such danger. Hint: nothing to do with the fact that we eat salmon and goldfish are mostly pets. 5. Use the concept of elasticity and total revenue to explain why the government is more likely to tax gasoline and not fast food.
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of
the following four responses which do you feel is the most ethical
and why?
why do you feel the way you do about organ donation and
transplantation?
the answer must be 250 words or more
A. I agree with Dr. O'Connor. While some countries are beginning to implement better regulations for this growing industry, most have not done so adequately. The practical result is that the rich can literally live off of the poor through the exploitation of their...
of the following four responses which do you feel is the most ethical and why? why...
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4. Use the concept of common resources to explain why wild salmon faces extinction while goldfish face no such danger. Hint: nothing to do with the fact that we eat salmon and goldfish are mostly pets. 5. Use the concept of elasticity and total revenue to explain why the government is more likely to tax gasoline and not fast food.
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of
the following four responses which do you feel is the most ethical
and why?
why do you feel the way you do about organ donation and
transplantation?
the answer must be 250 words or more
A. I agree with Dr. O'Connor. While some countries are beginning to implement better regulations for this growing industry, most have not done so adequately. The practical result is that the rich can literally live off of the poor through the exploitation of their...
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