Monday, February 16, 2015
Elyse Melling, Ch. 2, Question 6
Chapter two was very interesting. It was interesting to find out about how incentives play into economics. In particular, the part about the black rhinoceros market in southern Africa. The incentives behind killing the black rhinoceros were similar to those of selling drugs or cheating on taxes. "They can make a lot of money relative to the risk of getting caught". The market for the black rhino affects many other markets. Tour and safari operators, as well as conservation officials. The example of the black rhino market can be compared to many other economic situations that take place every day, and how incentives play into all of those.
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