The noise from the low altitude combat training the Air Force conducts over the Yippy I-O Ranch causes the ranch's cattle to lose weight. Which of the following actions is not consistent with recognition that the Yippy I-O has a property right to its skies?
a. The Air Force equips its planes with mufflers.
b. The Air Force compensates the Yippy I-O for the value of the lost weight.
c. The ranch compensates the Air Force for the cost of moving the exercises to another location.
d. The Air Force pays for cow earplugs for the ranch herd.
Question 2
The supply and demand mechanism will bring an international market into equilibrium
a. at a price below the domestic price in an exporting country.
b. where domestic supplies are less than domestic demand in an exporting country.
c. with an exporting nation's price higher than the importing nation's price.
d. when the quantity of exports supplied by the exporters beyond their domestic consumption is equal to the quantity of imports demanded by the importers.
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