Question 1
Which of the following is an example of a common-property resource?
◦ a congested toll highway
◦ an unregulated sport-fishing river in BC
◦ privately owned cattle grazing land in Alberta
◦ a national park with an entrance fee
◦ privately owned ranch land
Question 2
Which of the following best describes the reason for overfishing in Canadian offshore fisheries?
◦ The private marginal cost incurred by current fishermen is less than the social marginal cost.
◦ The Canadian government encourages foreign fishing within the Canadian offshore boundary.
◦ The private marginal cost incurred by future generations of fishermen is greater than the private marginal cost incurred by current fishermen.
◦ Fishing has depleted fish stocks leading to smaller catches.
◦ None of the above can explain overfishing.
Canadian pointer
Offshore Banking and Online Gambling
A dose-response curve describes the relationship between the quantity of the chemical entering the ...
Reason why its incrorect
Learn Canadian money grade 1