Excessive fishing occurs because
a. each individual fisherman has little incentive to maintain the species for the next year.
b. fishermen rely on government managers to worry about fish populations.
c. fishermen are unionized, so they are not concerned with externalities.
d. fishermen have other marketable skills and do not fear exploitation of fish reserves.
a
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Using the information contained in Figure 4-7 above, the initial equilibrium Y is 3500. If there is 500 of new fiscal stimulus and a constant money supply, Y will increase to ________ and the interest rate will ________
A) 4000; remain constant B) 4000; rise to 10% C) 4500; rise to 12.5% D) 5500; remain constant
Briefly describe the influence of majority rule on the individual consumption–payment link.
What will be an ideal response?
Microeconomics is concerned with issues such as
A. The demand for bottled water by individuals. B. Maintaining a strong level of economic growth. C. The level of inflation in the economy. D. All of the choices are correct.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.