Assume the government is concerned about the high price of Atlantic Red Crab and announces that it is going to shorten the fishing season to one week
What impact will this have on the quantity of crab caught and the price of crab? Will this actually result in greater protection of the Atlantic Red Crab?
It is likely to lead to a "race to fish" as many of the fisherman know that they much catch as much fish as they can during the shorter season. The price of the crab is also likely to rise as the cost of catching them has gone up. In fact fishermen may employ more workers to get the job done and may even have to fish in inhospitable conditions to catch the crab. This may require that they pay the fishermen more money. This is not likely to result in greater protection of the Atlantic Red Crab.
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Disadvantages faced by the South in fighting the Civil War include
a. an inadequate supply of free, military-aged males. b. limited industrial capacity. c. shortages of horses and mules. d. the lack of an effective administrative machinery for tax collection. e. All of the above.
When there are large federal budget deficits, the trade deficit tends to shrink
a. True b. False Indicate whether the statement is true or false
Which of the following is not correct?
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