All of the Following Statements Are True Except

question 14

Multiple Choice

All of the following statements are true except

• A)the market price of an ITQ equals the marginal social benefit minus the marginal cost.
• B)when an ITQ system is used in a fishing market,boat owners with a low marginal cost are willing and able to pay more for a quota than are boat owners with a higher marginal cost.
• C)individual differences in marginal cost do not prevent an ITQ system from delivering the efficient outcome.
• D)an ITQ is a production limit that is assigned to an individual who is free to transfer the quota to someone else.
• E)Canada does not use ITQs.

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Definitions:

Rosebuds

The young, unopened flowers of a rose plant, often symbolizing beauty, youth, or a beginning phase.

Allocating Rewards

The process of distributing benefits, compensations, or incentives among individuals or groups based on their performance, contribution, or needs.

Discriminate

The act of making unjust or prejudicial distinctions in the treatment of different categories of people, especially on the grounds of race, sex, or age.

Social Identity

An individual's sense of who they are based on their group membership(s) and the value and emotional significance attached to that membership.