In the face of capital outflow, countries had to lower interest rates to stay in the ERM

Financial securities that represent promises to repay a fixed amount of funds are known as

A) stocks. B) pension funds. C) bonds. D) insurance premiums.

The problem of overfishing in waters that are commonly owned can be solved when the government determines the total amount of fish can be removed from a given area during each fishing season. Then the fishermen

A) will not be able to fish. B) can trade their rights (shares) to fish or not. C) will externalize their private costs to the government. D) will lower their private costs to fish.