Question

3. In the following graph, S represents and it is a/an equilibrium Purely Biological Concept MSY Growth in Fish Stock (tons) ook YR Fish Stock (tons) Minimum viable population; stable b. Minimum viable population; unstable c. Carrying capacity: stable d. Carrying capacity; unstable 4. Which of the following is NOT quantity based instrument for pollution control? a. Emissions standard b. Technology standard Emissions fees (or taxes) d. Non-tradeable pollution permits 5. You receive a check for $100 today. What will its future value (FV) after 6 years at 5% discount rate be? a. 100 (1+0.0576 b. 100/(1+0.0596 c. 105*(1 +0.05) 6 d. 500
3 and 5.

Answer 1

Here in the graph the point S is known as minimum viable population and it is a stable equilibrium.

From the given options, the quantity based environmental control instrument is not emission fees or taxes , in this case the externality has been taxed not restricted thrpugh quantity restriction.

Future value of received 100 dollar today wil be 100X[1+0.05]^6