Most Economists Agree That While There Are a Seemingly Endless

question 61

Multiple Choice

Most economists agree that while there are a seemingly endless number of ways to promote economic development:

• A) there are just as many ways to measure effectiveness.
• B) there are few ways to measure their effectiveness.
• C) there is no way to determine which ways are the best.
• D) there is no need to measure effectiveness.

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Definitions:

Quota

A government-imposed trade restriction that limits the number or value of goods that can be imported or exported during a specific time.

ITQs

Individual Transferable Quotas, a regulatory tool in environmental policy that limits the total allowable catch in fishing, with quotas that can be bought, sold, or leased among fishermen.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, highly valued for its flavor and nutritional content, often considered a delicacy.

Market Price

The going rate at which a service or asset can be sold or bought in the marketplace.