Which of the following is most likely to be common property?
A) lawn in a privately owned golf club
B) farm raised catfish in Alabama
C) tuna in the Pacific Ocean
D) cattle in a Texas ranch
Answer: C
You might also like to view...
Third-degree price discrimination involves
A) charging each consumer the same two part tariff. B) charging lower prices the greater the quantity purchased. C) the use of increasing block rate pricing. D) charging different prices to different groups based upon differences in elasticity of demand.
Which of the following could be a direct cause of investment spending decreasing?
A. A firms revenues increases while their costs remain constant. B. Real income increases. C. Real interest rates increase. D. Expected future income increases.
Which of the following benefits from a quota or VER?
A. consumers B. domestic producers C. the government D. All of these
Refer to Figure 4.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, what is the market quantity demanded at a price of $3?
A. 6 B. 9 C. 15 D. 20