Which of the following achieves the efficient use of a common resource?
a) property rights, individual transferable quotas, and subsidies
b) individual transferable quotas and copyrights
c) property rights, quotas, and individuals transferable quotas
d) property rights, quotas, and subsidies
Ans: c) property rights, quotas, and individuals transferable quotas
Economics
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As the exchange rate ________, the ________ is the value of U.S. ________
A) falls; greater; imports B) falls; greater; exports C) rises; greater; exports D) rises; smaller; imports
Economics
The law of diminishing marginal utility implies that the marginal utility of my tenth pistachio nut is less than the marginal utility of my third pistachio nut, other things constant
a. True b. False Indicate whether the statement is true or false
Economics