Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse. Why would cod be on the risk of extinction?
A) Fishing in the sea for cod is an example of a public good.
B) Fishing in the sea for cod is an example of a common resource.
C) Fishing in the sea for cod is an example of a private good.
D) Fishing in the sea for cod is an example of a natural monopoly.
B
Economics
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In the above table, what is the four-firm concentration ratio for the Gadgets industry?
A) 25 percent B) 40 percent C) 250 percent D) 1,000 percent
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Assuming r is the interest rate, to compute the present value of a dollar to be received a year from today, you
A) multiply the dollar by r. B) divide the dollar by (1 - r). C) multiply the dollar by (1 + r). D) divide the dollar by (1 + r).
Economics