Overfishing Along the Coastline of Helsking Village Led the Government

question 20

Multiple Choice

Overfishing along the coastline of Helsking village led the government to impose a fee on the boats used for fishing. The fishermen were charged $50 on each boat they sent out for fishing. The following table shows the total pounds of fish caught per hour and the number of boats used for fishing.Table 13.2

-If the government is successful in internalizing the external costs of production in a market, then:

• A)social costs will equal private costs.
• B)an inefficient level of output will be produced.
• C)social costs will exceed private costs.
• D)social costs will be less than private costs.
• E)social costs will fall to zero.

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Definitions:

Behavioral and Cognitive

Pertaining to the psychological approaches that focus on altering negative behaviors and thought patterns.

Avoidance

A behavioral or psychological strategy of keeping away from certain situations, thoughts, or feelings that cause distress.

Approach

A method or way of dealing with a problem or task.

Positive End State

A positive end state refers to the desired and beneficial outcome of a process, plan, or intervention, aimed at improving well-being or resolving a problem.