Multiple Choice
Some researchers estimate that all saltwater fish will be extinct by 2048, in large part due to overfishing. But surveys also show that more households eat chicken and beef than fish; however, neither chickens nor beef are in danger of extinction. Which of the following best explains these observations?
A) The supply of fish has always been less than the supply of chicken and beef.
B) Fish tend to be nonexcludable resources, whereas chicken and beef are excludable.
C) Fish tend to be nonrival resources, whereas chicken and beef are rival.
D) The price of fish is much higher than the price of chicken and beef.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: A public good is a good produced
Q9: If a consumer could pay $100 for
Q10: Which of the following scenarios describes how
Q11: Private goods can be provided by competitive
Q12: Which of the following is an example
Q14: A tornado warning siren is an example
Q15: If you're camping with a few friends,
Q16: HBO shows are not considered club goods.
Q17: Which of the following goods is nonexcludable?<br>A)
Q18: Owned resources still face the tragedy of