Tuna in the Ocean Is a Common Resource Because

question 148

Multiple Choice

Tuna in the ocean is a common resource because:

• A) it is difficult to prevent people from fishing in the ocean and every time someone catches tuna there is less tuna for someone else.
• B) all tuna are identical (i.e., a homogenous good) and sold in competitive markets.
• C) there is an abundance of tuna and no one fisherman can affect the market equilibrium output.
• D) None of the answers is correct.

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Definitions:

General Bodily Arousal

A state of physical and psychological alertness, typically involving increased heart rate and energy, often as a response to stimuli or stress.

Specific Emotion

A distinct feeling that arises in response to a particular event or circumstance, identifiable by its unique psychological and physiological patterns.

Stanley Schachter

An American psychologist best known for his development of the two-factor theory of emotion, which considers both physiological arousal and cognitive labeling.

James-Lange Theory

A theory of emotion that proposes emotions occur as a result of physiological reactions to events.