It is generally easier to prevent deforestation than fishery collapse because:
A. it is easier to establish and enforce property rights on national lands than in international
waters.
B. there is greater incentive to have sustainable forests than sustainable fisheries.
C. the demand for wood products has dropped significantly while the demand for fish has
grown significantly.
Answer: A
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Refer to the accompanying figure. Growing 1,000 bushels of wheat and no bushels of corn each year is:
A. efficient and attainable. B. inefficient but attainable. C. inefficient and unattainable. D. efficient but unattainable.
Use the following consumption schedule to answer the next question.The graph above shows the relationship between consumption and income. The ratio LM/PL would be a measure of the
A. average propensity to consume. B. marginal propensity to consume. C. marginal propensity to save. D. average propensity to save.