Emerson County has two large lakes. The county runs a fish hatchery that raises three kinds of fish that are used to keep the lakes stocked. Anyone can go boating or canoeing on the lakes, but only people who buy a license are allowed to fish in them. Which of the following economics questions is Emerson County focusing on by requiring a license to fish?
i. What should be produced?
ii. How should it be produced?
iii. Who will use what is produced?
A.
i only
B.
ii only
C.
iii only
D.
i and iii only
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Answer:
the correct answer is C. iii only
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