Friday
October 24, 2014

Homework Help: Economics

Posted by Deborah on Friday, September 14, 2012 at 12:22am.

The country of New Zealand decides to take 50% of its nationís lottery money and use it to buy 1,000 acres of common grazing land in every county upon which any New Zealand shepherd may graze their sheepfor free, no strings attached. Based upon what you have learned in this class, economists would expect that:
A) the common grazing land would be under-utilized and the grass would become overgrown.
B) the common grazing land would be over-used and would become barren wasteland with little or no grass left.
C) the sheepwould catch the swine flu.
D) None of the above.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

managerial economics - BigBook is a monopolist book publishing company, which ...
mathematics - the theoretical probability of winning the lottery is 1/1,000,000,...
World Geo - which of the following natural hazards is not common to new zealand ...
physics - In 2003, New Zealand households consumed a total of 153.6E+15 J of ...
Math - At the regional swim meet the swimmer with the fastest time finished in 2...
Civics - New Zealand is a country in which the legislature chooses the nation, ...
English - What do you want to do if you have a lot of money? 1. I want to donate...
Algebra - A farmer plans to plant 270 acres of his farm with wheat and soybeans...
macroeconomics - Bob owns a 100-acre farm. Of that, he uses 50 acres to grow ...
Real Estate Finance - A piece of land containing 30 acres sells for $5,000. At ...

Search
Members