All of following are commonly considered to be common property EXCEPT
A) spotted owls in the wild.
B) fish in an ocean.
C) chickens raised in a farm.
D) wild salmon in a river.
C
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In the monetary small open-economy model with a fixed exchange rate, an increase in the domestic price level has which impact on domestic money demand?
A) It increases it. B) It decreases it. C) It has no impact. D) It depends.
Which of the following best describes the concept of laissez-faire?
a. Government should not intervene in the economy b. Government should actively intervene in the economy whenever it judges the action to be beneficial. c. Government should intervene in the economy only to promote short-term economic stability. d. Government should intervene in the economy only to maximize long-term growth rates. e. Government should intervene in the economy only when the economy is not at full employment or there is substantial inflation.
The effects of tariffs and quotas are: a(n) __________ in consumers' surplus, and a(n) __________ in producers' surplus
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
If the interest rate is 4 percent, to get back $200 in one year you would need to deposit ________ today.
A. $187.43. B. $192.31. C. $195.55. D. $208.00.