Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 11, Problem 2SPPA
To determine

To state:

Whether there is a free-rider problem and the ways in which the free-rider problem can be avoided.

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Think of an economic topic that you have in mind that you are interested to. 1. What is the topic? 2. Why did you choose that topic? 3. Who should you invite to lecture on this topic? 4. Why did you choose that speaker? 5. What does he have that you think he is an authority to speak on this topic?
1. Choose one of the approaches listed below for protecting elephants from poachers in African countries.  A. The government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. B. The government sets up national parks and designates ten villages around the park's edges as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park.  2. Depending on the approach you have chosen (A or B), explain how the incentives will affect the local villagers, who are often very poor. 3. Which approach (A or B) seems more likely to help the elephant population?4. Discuss the practice of poaching elephants and the need for environmental protection? 5. Explain how the practice of poaching elephants is a negative externality?
A mosquito control program in a city is a A. private good B. club good C. common pool resource good D. public good
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