Common ownership of resources:
a. is a system by which the government allocates the rights to harvest renewable resources.
b. may fail to ensure that harvesting of renewable resources does not exceed the maximum sustainable yield.
c. is an environmentally effective method of internalizing an externality problem in renewable resource conservation.
d. efficiently controls the harvest of renewable resources.
e. usually helps in preventing market failures.
b
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Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level?
Defend your position using economic principles.
Present two arguments as to why the Fed should adopt inflation targeting as a framework for monetary policy
What will be an ideal response?
Which of the following statements is true?
A) Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice and corn crops. B) France is the leading exporting country, accounting for 10 percent of total world exports. C) Japan is more dependent on foreign trade than is the United States. D) Imports and exports account for over one-half of the GDP of Belgium.
Bonds that are sold in a foreign country and are denominated in a currency other than that of the country in which it is sold are known as
A) foreign bonds. B) Eurobonds. C) equity bonds. D) country bonds.