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:

Processed Unconsciously

Pertaining to cognitive operations that occur without conscious awareness or control.

Undesirable Actions

Actions or behaviors that are considered unwanted or negative by society or the individual committing them, often due to their consequences.

Desirable Actions

Behaviors or activities viewed favorably or valued highly by a society or individual, often associated with positive outcomes.

Situational Pressures

External forces that influence individuals' behavior and decision-making in specific contexts.