ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Answer this question for me mate. Much appreciated. :)

Which one of the following best demonstrates the principles of free markets economics?
O A lumber company in country X is able to harvest trees from the land they own. As part of the license they were granted by
their local government to operate, they are required to plant one tree for every tree they cut down.
O A lumber company in country Z is able to harvest trees from the land they own. They sell the processed lumber to the store
willing to pay the highest price.
O The forests in country R are owned by the government. The government decides how and when trees are harvested and how
the lumber will be processed.
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Transcribed Image Text:Which one of the following best demonstrates the principles of free markets economics? O A lumber company in country X is able to harvest trees from the land they own. As part of the license they were granted by their local government to operate, they are required to plant one tree for every tree they cut down. O A lumber company in country Z is able to harvest trees from the land they own. They sell the processed lumber to the store willing to pay the highest price. O The forests in country R are owned by the government. The government decides how and when trees are harvested and how the lumber will be processed.
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