The Following Table Shows the Costs and Benefit of Producing

question 50

Multiple Choice

The following table shows the costs and benefit of producing a commodity.Table 13.1

-One reason that some whales were hunted close to extinction is that no one can claim ownership of a whale until it is killed. If property rights to the whale population were established:

• A)then whales would surely be hunted to extinction.
• B)the owners would have the incentive to ensure a sustainable yield of whales, so the whale population could recover.
• C)no one would hunt whales.
• D)the price of whales would be kept artificially low so that trade in whales would become unprofitable.
• E)the whales would be hunted to extinction only when the price is high and it is profitable to trade in whales.

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Definitions:

Amphetamines

A class of stimulant drugs that increase energy and alertness but can also lead to addiction and adverse health effects.

Epinephrine

Epinephrine, also known as adrenaline, is a hormone and neurotransmitter involved in regulating heart rate, blood vessel and air passage diameters, and metabolic shifts.

Norepinephrine

A neurotransmitter involved in arousal, alertness, and the fight-or-flight response, influencing mood and blood pressure among other bodily functions.

E-cigarettes

Electronic devices that simulate tobacco smoking by producing an aerosol, often containing nicotine, inhaled by the user.