This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a developer plans to build a skyscraper in a major city overshadowing an historic church, could ... (Read 145 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
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


Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jun 30, 2018
Thank you :)


Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Organ systems of the body with major functions. Organ systems of the body with major functions.
Canada's Major Fertilizer Producers and their Products Canada's Major Fertilizer Producers and their Products
The location of the major limbic system structures. In general, they are arrayed near the midline in ... The location of the major limbic system structures. In general, they are arrayed near the midline in ...
Guide to Major Massage Therapy Organizations in the United States* Guide to Major Massage Therapy Organizations in the United States*
The Amounts of the Different Minerals in Your Body The major minerals are present in larger amounts The Amounts of the Different Minerals in Your Body The major minerals are present in larger amounts
Nils Hoffmann feat. Julia Church - 9 Days Nils Hoffmann feat. Julia Church - 9 Days
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library