If nation-states are able to extend effective control over ocean resources from 3 miles to 200 miles off their coasts, valuable marine animals are more likely to be harvested
A) at a rate consistent with their long-run preservation.
B) at a rate inconsistent with their long-run preservation.
C) too rapidly for maximum net benefit.
D) too slowly for maximum net benefit.
E) up to the point of extinction.
A
You might also like to view...
The present value of a promise to pay $100 one year from now is approximately $90.91 if the interest rate is 10 percent
a. True b. False
Producers' surplus is
A) the difference between the price a buyer pays for a good and the highest price he would have paid for the good. B) the difference between the price a seller receives for a good and the minimum price for which he would have sold the good. C) the difference between the price a seller receives for a good and the price a buyer pays for the good. D) equal to price times quantity sold. E) equal to the seller's minimum price and the buyer's maximum price.
During a deflationary period
A) the nominal interest rate is less than the real interest rate. B) the real interest rate is less than the nominal interest rate. C) the price level rises. D) the nominal interest rate does not change.
Which of the following is NOT part of a risk characterization?
a. a qualitative component that includes a description of the hazard b. a monetary component that assigns a dollar value to the risk c. a quantitative component that gives the magnitude of the risk d. an integrated analysis of the overall risk assessment process