An example of the "Tragedy of the Commons" is litter in the picnic area of a local park

A new law passed in Bonland requires all bikers to wear helmets while riding. It also states that those who do not wear helmets while riding will be punished. This law is likely to lead to a(n) ________

A) decrease in government expenditure B) increase in government expenditure C) decrease in tax rates D) increase in the overall price level

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. What fundamental economic question are they addressing by offering this range of items?

A) What to produce? B) Why produce a variety of items? C) Who to produce the items for? D) How to produce goods that consumers want?