.. 00 T-Mobile . 10:49 PM docs.google.com Conserving the rhino and elephant popu

Question

.. 00 T-Mobile . 10:49 PM docs.google.com Conserving the rhino and elephant populations is a problematic issue for people in Africa. Why does Wheelan argue that it might make sense to allowing hunting of endangered species? Allowing a small amount of ivory and rhino horn to be sold O could drive down demand because people would realize it has no use. Allowing hunters into the area O has no benefit to local tribes and their economies. Allowing hunters to hunt rhinos and elephants would hurt governments throughout Africa because it would keep money out of the hands of corrupt politicians. Allowing a small amount of ivory to be legally sold would drive down the market price for

Explanation / Answer

Question 1. Option 4. Allowing a small amount of ..

Explanation: If the government allows a small amount of ivory to be legally sold, the market price would be driven down. This will reduce the incentive for poaching.

Question 2. Option 4. Mexico city residents found a way around..

Explanation: Laws are not followed if there is not enough economic incentive to follow the laws, no matter how well intentioned are those.

Question 3. Option 1. Higher prices limit your pool of potential customers.

Explanation: The price mechanism creates equilibrium in the market by matching the quantity demanded with quantity supplied.

Question 4. Option 4. Whatever they have the most incentive to do.

Explanation: Human beings respond to incentives. People do whatever they have the most amount of economic incentive to do.

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