Question
Suppose a shortage of gasoline developed in Canada due to supply chain issues arising during the current pandemic. In the interest of fairness the Canadian
Suppose a shortage of gasoline developed in Canada due to supply chain issues arising during the current pandemic. In the interest of "fairness" the Canadian government decides to allocate equal quantities of gasoline to each driver (some countries in Europe are doing this already). Would this allocation be economically efficient? What difference would it make if the government allowed or forbade people to trade its rations?
f. Why is it that elephants and tigers have become (or are close to becoming) endangered species while cats and dogs are not?
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