Current Test: Chapters: 11 Prevcus Quentin of 10l Next Question 8: Suppose there

Question

Current Test: Chapters: 11 Prevcus Quentin of 10l Next Question 8: Suppose there is a state where hunting licenses are free and unilimited. Which of the following is true? O The licenses may still reduce overuse of a resource through the cost of the time required to obtain them. O They are an example of resolving a common resource problem by assigning a property right in the resource. O The licenses are an example of resolving a common resource problem with a tax O The licenses will have no effect on the use of the resource. esc FI F2 F3 F4

Explanation / Answer

Option 4.

Explanation: Since the licenses are free and unlimited, anybody can have access to the license. So, this will have no effect on the use of resource.

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