Which of the following is an effort to establish property rights and promote more efficient allocation of ocean fisheries?
a. Regulations limiting the length of the fishing season.
b. Regulations reducing the size of fishing boats and other equipment used in the industry.
c. Establishment of transferable individual fishing quotas.
d. Complete open access of ocean fishing to anyone who would like to enter the business.
C
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What types of things are sold in input or factor markets? Who are the buyers and sellers in these markets?
What will be an ideal response?
During Prohibition overdose and accidental poisoning due to alcohol _____ and the variation in the quality of alcohol _______
a. fell; fell b. fell; increased c. increased; fell d. increased; increased
An ideal voting system will not function if a _________ is present, and has the power to enact his or her own preferences.
A. bully B. representative C. consul D. dictator
Fiscal policy is a change in either government purchases or the money supply designed to change total spending in the economy, thereby influencing the levels of employment and output
a. True b. False