The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for cod, a common resource. A quota to prevent the overuse of the cod sets the catch equal to ________
A) 0 tons per week
B) 300 tons per week
C) 400 tons per week
D) None of the above answers is correct.
B
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Which of the following is not one of the ways that the German government ended the hyperinflation of the 1920s?
A) replacing the existing mark with a new mark B) negotiating a new agreement with the Allies (the United States, Great Britain, France, and Italy) that reduced its reparations payments C) reducing government expenditures and raising taxes to balance its budget D) raising the required reserve ratio to reduce bank loans
How did the Mexican debt crisis of the early 1980s come about? How has the Mexican economy coped during the past 20 years, in the aftermath of the debt crisis? What has been the legacy of the debt crisis for the Mexican economy?
What will be an ideal response?