Overfishing in the ocean often
a. is easily solved by shortening the fishing season.
b. is not caused by better technologies, which today's fishers would not use if they harmed the resource.
c. occurs only when regulators fail to regulate due to corruption.
d. is caused by many boats racing to catch more fish in a very short season.
D
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Refer to Figure 3-1. A decrease in the price of a substitute good would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
In the long run, an increase in the stock of human capital
a. and increases in the money supply both make the price level rise. b. and increases in the money supply both make the price level fall. c. makes the price level rise, while increases in the money supply make prices fall. d. makes the price level fall, while increases in the money supply make prices rise.