This topic contains a solution. Click here to go to the answer

Author Question: If a developer plans to build a skyscraper in a major city overshadowing an historic church, could ... (Read 45 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
If a developer plans to build a skyscraper in a major city overshadowing an historic church, could an efficient solution be reached if the church had the legal right to prevent the developer from building in that location? Why or why not?

Question 2

The basic difference between a tariff and quota is that:
 a. quota can be imposed both on imports and exports whereas a tariff can be imposed only on imports.
  b. quota yields revenue to the government whereas tariff does not yield any revenue.
  c. tariff reduces the import of the goods with greater certainty than quota as the amount of import restricted by quota depends on the price elasticity of demand for importable.
  d. tariff is a quantitative restriction on imports whereas quota is an import duty.
  e. a tariff raises the price of the product only in the domestic market whereas with a quota, both domestic and foreign producers receive a higher price.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jayson

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

Yes, an efficient solution could be reached if the property rights were well established. In this case, if the builder's value of developing the site was greater than the church's value of no development, the builder could potentially compensate the church for an amount that would make both parties better off.

Answer to Question 2

e





 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

For a complete list of videos, visit our video library