Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 2 - The Key Principles of Economics - Exercises - 2.1 The Principle of Opportunity Cost - Page 43: 1.6

Answer

Conservationist have a new strategy for preserving rain forests OUTBIDDING loggers and other developers for the land, paying as little as $1.00 per hectare per year.

Work Step by Step

Conservationists realized that they could save the land by buying it from the farmers, thereby not allowing the loggers to acquire the land and remove all of the trees.
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