Under the total allowable catch (TAC) system of fishing:
A. There are limits to the number of days a species can be caught
B. Biologists determine the size of the catch based on sustainable levels
C. The number of fishing boats allowed to fish in a specific area is restricted
D. Priority is given to catching fisheries with the greatest market value
B. Biologists determine the size of the catch based on sustainable levels
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The table below shows data for Indonesia
2009 2010 Real GDP growth rate 4.5 6.0 Inflation rate 4.8 5.7 Assuming the rate of velocity change is constant, the money growth rate in Indonesia was A) 0.3 percent in 2009. B) 11.7 percent in 2010. C) -0.3 percent in 2009. D) 5.7 percent in 2010.
If there is pollution in producing a product, then the market equilibrium price is too high and equilibrium quantity is too low
Indicate whether the statement is true or false
Most state revenue comes from the _____ tax and most local revenue comes from the _____ tax.
A. property; property B. sales; sales C. sales; property D. property; sales
Which of the following individuals is responsible for developing the life cycle theory of consumption?
A) Friedman B) Modigliani C) Keynes D) Lucas