By: Raymond Li
Economic¡¦s Questions
1. Define the problem of ¡§scarcity¡¨ outlined in this article.
The problem of ¡§scarcity¡¨ outlined in this article is that Canada¡¦s 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 country¡¦s prime agricultural land to development?
The opportunity costs of losing the country¡¦s 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 t ...