Many ecologists argue that several species of whales are close to extinction. If this is TRUE, the reason is
A) inadequate enforcement of international laws.
B) whales are a type of common property.
C) the marginal benefit of hunting and killing a whale is greater than zero.
D) whale-killing technology is too productive.
Answer: B
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History tells us that "fine tuning" of the tax code is likely to be in the public interest
a. True b. False
What percentage of their spending do U.S. consumers allocate to food purchases?
A. 1 percent. B. 8 percent. C. 13 percent. D. 15 percent.
A currency is overvalued if its exchange rate vis-à-vis a foreign currency is:
A) at the equilibrium exchange rate. B) not pegged. C) below the equilibrium exchange rate. D) above the equilibrium exchange rate.
Economies of scale were initially seen between
A) 1800 and 1840. B) 1970 and 1980. C) 1840 and 1910. D) none of these choices.