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If a Policy Is Carried Out by a Rule, Then

question 53

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If a policy is carried out by a rule, then we have an example of


Definitions:

Property Rights

The theoretical and legal ownership rights over resources including the right to use, sell, and lease.

Open Ocean

The vast, deep waters of the world ocean, lying beyond the continental shelves and characterized by a wide variety of marine species and ecosystems.

Nonrenewable Natural Resources

Natural resources such as coal, oil, and natural gas that cannot be replenished within a human lifespan once consumed.

Fixed Supply

A scenario where the quantity of a good or resource available does not change in response to changes in price.

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