The problem of overfishing in waters that are commonly owned can be solved by
A. subsidizing fishing.
B. the use of the Coase Theorem.
C. establishing property rights for fishing in the waters.
D. allowing the market to ration fish.
Answer: C
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During the period from 1978-2012, the difference between annual inflation rates of EU countries and the German inflation rate
A) grew at an accelerating rate. B) remained fairly constant. C) largely disappeared. D) went through periods of hyperinflation. E) trended upward at a declining rate.
Economists believe that the optimal level of pollution is zero
a. True b. False Indicate whether the statement is true or false
In the circular flow diagram, who owns the factors of production and consumes all of the goods and services produced?
With fixed interest rates, unanticipated deflation hurts ________ because ________.
A. borrowers; they repay the loan in more valuable dollars B. lenders; they get paid back in more valuable dollars C. lenders; they get paid back in less valuable dollars D. borrowers; they repay the loan in less valuable dollars