Homework answers / question archive / Use the economic way of thinking to answer two of the following three questions

Use the economic way of thinking to answer two of the following three questions

Economics

Share With

Use the economic way of thinking to answer two of the following three questions. Be sure to answer each in one or two complete sentences. Provide page references to Common Sense Economics and other learning materials when appropriate. What would happen to the size of the cattle population if Americans decided to eat substantially less beef? Explain the logic underlying your answer. Does private ownership entitle the owners to do anything they want with their property? Why or why not? Do private owners, such as the owner of land from which timber is harvested, have an incentive to conserve resources for the future?