Which of the following would be not considered a common pool resource?
a. a lake where anyone can fish
b. an oyster bed that anyone can take oysters from
c. a congested public park
d. a public pasture where anyone can graze their cattle
e. a strip mine owned and operated by a coal-mining company
e. a strip mine owned and operated by a coal-mining company
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If the interest rate on Japanese yen assets falls while interest rates in the United States remain constant, the
A) quantity of dollars demanded will increase. B) quantity of dollars demanded will decrease. C) demand for dollars will increase. D) demand for dollars will decrease.
If the short run elasticity of demand for a good was greater than 1, an increase in the price of the good would tend to: a. increase total revenue in both the short run and the long run
b. increase total revenue in the short run but not the long run. c. decrease total revenue in the short run and the long run, but by more in the short run. d. decrease total revenue in the short run and the long run, but by more in the long run.
Both tariffs and quotas will restrict supplies coming into the country from abroad
a. True b. False Indicate whether the statement is true or false
Mary Beth is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option B is a low-risk stock that analysts expect to be worth about $1,102.50 in two years. Option C is a high-risk stock that is expected to be worth about $1,200 in four years. Mary Beth should
choose a. option A. b. option B. c. option C. d. either A or B because they are the same to her.