Consider the Stock of Ocean Tuna Which Is Massively Overfished

question 113

Multiple Choice

Consider the stock of ocean tuna which is massively overfished. It is rational for an individual to exploit the resource rather than to conserve the stock because

• A) the private benefit of harvesting tuna is higher than the social benefit of harvesting it.
• B) the private benefit of harvesting tuna is lower than the social benefit of harvesting it.
• C) the social cost of harvesting the fish is lower than the private cost.
• D) the private cost of harvesting the fish is lower than the social cost.

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Definitions:

Cultures

The shared values, norms, traditions, customs, art, history, folklore, and institutions of a group of people.

Assessment Techniques

Methods and tools used to evaluate or measure skills, knowledge, abilities, or psychological traits in individuals.

Free Association

A psychoanalytic technique in which a patient verbally expresses thoughts, words, and images as they occur, without censorship or filtering.

Dream Analysis

A psychoanalytic technique that interprets the symbolic meaning of dreams to explore the unconscious mind and uncover hidden desires and conflicts.