Fishes in the ocean are:
A)exhaustible and also open-access resources.
B)renewable and also open-access resources.
C)private goods.
D)merit goods
E)renewable resources whenever property rights are well defined.

Question

Fishes in the ocean are:​
A)exhaustible and also open-access resources.
B)renewable and also open-access resources.
C)private goods.
D)merit goods​
E)renewable resources whenever property rights are well defined.

Quizplus · Accepted Answer

Fishes in the ocean are considered renewable resources because they can replenish over time through natural processes. They are also open-access resources because they are not owned by anyone and are available for anyone to access and use.

Fishes in the Ocean Are:​

Fishes in the Ocean Are: