What does a production possibility frontier represent?
What will be an ideal response?
Question 2
Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse.
To ensure this recovery Ministers agreed a 10 percent cut in days at sea (for North Sea cod), EU Fisheries Commissioner Joe Borg stated in 2008. What is the goal of this policy? A) To reduce the number of fishing days to the point where marginal cost per day equals marginal benefit
B) To reduce the number of fishing days to the point where marginal social cost per day equals marginal benefit
C) To reduce the number of fishing days to the point where marginal social benefit per day equals marginal benefit
D) To reduce the number of fishing days to the point where marginal social cost per day equals marginal social benefit
Primary production is constrained by the most limiting factor.
Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Conventional oil reserves have passed peak production
Role of Factors of Production in Determining Output per Worker, 2009
No gene interaction in the production of feather color in budgerigar parakeets