By: Raymond LiEconomics Questions1. Define the problem of scarcity outlined in this article. The problem of scarcity outlined in this article is that Canadas farmland has been decrease rapidly. Most of the farmlands were turned to buildings.
In the 21st century, all the countries in the world want to develop their country to be the top line of the world, so they begin to construct farmlands into new cities, but the main point is they had forget that we also need land to plant our food to supply ourselves. 2. What are the opportunity costs of losing the countrys prime agricultural land to development?The opportunity costs of losing the countrys prime agricultural land to development is that we will eventually lose the ability to supply our own food. By the time we lose the ability to supply our own food, we have to import food from other countries to survive and Canada we down grade to a third world country. 3. What are the opportunity costs of banning development in the agricultural lands?The opportunity costs of banning development in the agricultural lands are some parts of the lands are not going to be developed.
By the time we develop the agricultural lands, we are also slowing down the developments on other important categories that might cause a serious problem by letting other countries to overcome us. 4. Explain the proposals put forward to ease or alleviate the problems. The proposals that were put forward to ease the problems are preservation laws, land reserves, conservation easements, etc. 5.
Do you consider the proposals forwarded in the article to be workable? Give reasons for your answer. The proposals forwarded in the article might slow down the destruction of farmland, but that wont stop the destruction. Although, government and conservation groups had work on buying farmlands off farmers, but the price that they can spend on are way off to the one, which the developers offer. 6.
What opportunity costs might the forwarded proposals involve?The opportunity costs that might forwarded proposals involve is that our government are going to spend a large amount of money to get those farmlands from the farmers and they have to spend more money to hire more workers to work on the farm.
