In the fictitious country of Lebos, the government allows private ownership of pigs but not of cows. If the people of Lebos permanently increase their desire to purchase more pork and beef, in the long run, we would expect
A) the population of pigs to rise and the population of cows to fall.
B) the population of cows to rise and the population of pigs to fall.
C) the populations of both pigs and cows to increase.
D) both pigs and cows to become extinct in Lebos unless the government places the animals on the endangered species list.

Question

Quizplus · Accepted Answer

Since private ownership of pigs is allowed in Lebos, an increase in demand for pork will lead to an increase in the population of pigs. On the other hand, since private ownership of cows is not allowed, an increase in demand for beef will not lead to an increase in the population of cows as individuals cannot directly increase their ownership of cows. Rather, the government would have to implement policies to increase the population of cows. Therefore, the answer is A - the population of pigs will rise and the population of cows will fall.

In the Fictitious Country of Lebos, the Government Allows Private