An attempt should always be made to maximize opportunity cost.

a. true
b. false

Ans: b. false

Economics

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Which one of the following is least likely to be considered a public good?

a. An interstate highway b. A national park c. Wildlife d. A river e. A golf course

Economics

The tragedy of the commons is the absence of incentives to

A) correctly measure the marginal social benefit from a common resource. B) prevent under use of the common resource. C) prevent overuse and depletion of a common resource. D) discover the common resource.

Economics