). Choose a wrong statement about the policies designed to reduce the catch. O Transfer costs involve the transfer of resources from one part of society to another. 2. O Raising the marginal cost of fishing effort results in a lower harvest and higher stock sizes. While the policies of raising the cost of fishing may result in an efficient catch, they are inefficient because the efficient level of catch is not caught at the lowest possible cost. The taxes on fishing effort can lead to the efficient sustainable yield allocation because the tax revenues represent real-resource costs. Choose all correct statements about the static-efficient sustainable yield model of fishery in Chapter 12. Hint: No partial credits. The model assumes that price of fish is constant and does not depend on the amount sold. O The model assumes that the marginal cost of a unit of fishing effort is proportional to the size of the fish population. The model assumes that the amount of fish caught per unit of effort is proportional to the size of the fish population. The static-efficient sustainable yield would produce the largest annual total benefit. 00 3. A property right structure such that no one owns or exercises control over the resources is called: structure such that a property is jointly owned and managed by a specific group is called: regimes. A property right regimes. Hint: no dash but space.
). Choose a wrong statement about the policies designed to reduce the catch. O Transfer costs involve the transfer of resources from one part of society to another. 2. O Raising the marginal cost of fishing effort results in a lower harvest and higher stock sizes. While the policies of raising the cost of fishing may result in an efficient catch, they are inefficient because the efficient level of catch is not caught at the lowest possible cost. The taxes on fishing effort can lead to the efficient sustainable yield allocation because the tax revenues represent real-resource costs. Choose all correct statements about the static-efficient sustainable yield model of fishery in Chapter 12. Hint: No partial credits. The model assumes that price of fish is constant and does not depend on the amount sold. O The model assumes that the marginal cost of a unit of fishing effort is proportional to the size of the fish population. The model assumes that the amount of fish caught per unit of effort is proportional to the size of the fish population. The static-efficient sustainable yield would produce the largest annual total benefit. 00 3. A property right structure such that no one owns or exercises control over the resources is called: structure such that a property is jointly owned and managed by a specific group is called: regimes. A property right regimes. Hint: no dash but space.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:). Choose a wrong statement about the policies designed to reduce the catch.
Transfer costs involve the transfer of resources from one part of society to another.
Raising the marginal cost of fishing effort results in a lower harvest and higher stock sizes.
While the policies of raising the cost of fishing may result in an efficient catch, they are inefficient because the efficient level of catch is not caught at the
lowest possible cost.
The taxes on fishing effort can lead to the efficient sustainable yield allocation because the tax revenues represent real-resource costs.
2.
Choose all correct statements about the static-efficient sustainable yield model of fishery in Chapter 12. Hint: No partial credits.
The model assumes that price of fish is constant and does not depend on the amount sold.
The model assumes that the marginal cost of a unit of fishing effort is proportional to the size of the fish population.
The model assumes that the amount of fish caught per unit of effort is proportional to the size of the fish population.
The static-efficient sustainable yield would produce the largest annual total benefit.
3.
A property right structure such that no one owns or exercises control over the resources is called:
structure such that a property is jointly owned and managed by a specific group is called:
regimes. A property right
regimes. Hint: no dash but space.
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