User Account

All Pages

What is this problem called in economics

Assignment Help Accounting Basics
Reference no: EM131574466

Question - Shark fin soup is viewed in Asia to be a delicacy. Currently the shark fin industry is a $1.2 billion industry a year. Profit seeking fishermen venture to the sea and capture as many sharks as they can. As a result, shark population has declined by some 80% over the past fifty years. Many countries have tried to regulate catching sharks. The high profits, however, attract poachers to continue the practice and it is estimated that 38 million sharks are killed each year through poaching. What is this problem called in economics? Why does it exist in the first place? What can be done about it?

Reference no: EM131574466

Questions Cloud

Potential roles of human resources representatives : Defines at least 7 to 10 characteristics and responsibilities of at least four potential roles of human resources representatives within an organization.
How many relations r are there on s : Let S be a set with n elements and let a and b be distinct elements of S. How many relations R are there on S such.
How your product or service could be provided : Using your mock business or organization, write a formal proposal explaining how your product or service could be provided in more efficient and effective way.
Explain what does somaticizing mean : What does somaticizing mean. Provide an example. Are the previous ?ndings on the emotional expression of the Mexican
What is this problem called in economics : What is this problem called in economics? Why does it exist in the first place? What can be done about it
What would have happened in the european beer market : Explain what kind of market structure give rise to this type of behavior and if they were successful in carrying out their plan
Write a short description of the product or service : Write a short description of the product or service including a brief description of the targeted user. Create a set of written instructions.
Differentiate between symmetric and asymmetric : How many relations are there on a set with n elements that are Ant symmetric?
Compare the original situation with the new one : For years, you were the owner/operator of a small gift shop in a remote rural area with no competition nearby. Compare the original situation with the new one

Reviews

Write a Review

Accounting Basics Questions & Answers

  Youre starting a retirement savings program and expect to

youre starting a retirement savings program and expect to need 2500000 in 41 years. you begin with a deposit of 500 and

  Example of an assets historical cost

Most companies use historical cost to value property, plant, and equipment assets. What components make up historical cost? Provide an example of an asset's historical cost.

  What are the direct labor costs for the period

What are the direct labor costs for the period - Which one of the following methods of allocating joint costs allocates joint costs to joint products on the basis of estimated sales values at the split-off point?

  What factors should be considered in determining whether

the financial accounting standards board issued accounting guidance to clarify accounting methods and procedures with

  Assume that a company issues a bond at 92 having a face

assume that a company issues a bond at 92 having a face value of 5000 and a coupon interest rate of 6. the bonds pays

  Personal property and business property

John's car was completely destroyed by a fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. Wh..

  The company has analyzed these costs

Sawaya Co., Ltd., of Japan is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to increases and decreases in the number of direct labor-hours worked in the factory.

  Which account is debited and which is credited

If S. McMurray withdraws $30,000 in cash for personal use in lieu of salary, which account is debited and which is credited?

  Show entries earlier in year that led to adjusting journal

Prepare adjusting journal entries as of December 31 in good form. You do not need to show the entries earlier in the year that led to the adjusting journal entries that you are making.

  Spencer duck sssn 000-22-111 is single and his eight year

spencer duck sssn 000-22-111 is single and his eight year old son mitch lives with him nine months of the year in a

  Incremental cash flow-sunk cost

a. Incremental cash flow; sunk cost; opportunity cost; externality; cannibalization. b. Stand-alone risk; corporate (within-firm) risk; market (beta) risk

  Gourley clinic uses client-visits as its measure of

gourley clinic uses client-visits as its measure of activity. during august the clinic budgeted for 3500 client-visits

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd