One unintended consequence of the various attempts to restrict farm acreage was that
A) output generally decreased, price increased, and farmers earned higher incomes.
B) individual farmers intensified their efforts to harvest crops from the land still under cultivation.
C) farmers' incomes remained constant in real terms.
D) the land that was set aside became less productive.
B
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The unit-of-account function of money means that money is used
A) as a consistent means of measuring the value of things. B) as the common denominator of future payments. C) to pay for goods and services. D) to accumulate purchasing power.
Which of the following policies has succeeded in reducing fishery catch sizes without creating an "arms race" among fishers?
A. Limiting the length of the catch season. B. Limiting the number of boats allowed in a given area. C. Limiting catch size (TAC). D. Issuing individual transferable quotas (ITQs).