The "tragedy of the commons" is most likely to occur with which one of the following goods?
a. A national forest
b. A mineral ore deposit
c. A public highway
d. A groundwater aquifer
e. A city park
Answer: d. A groundwater aquifer
Economics
You might also like to view...
Which of the following is a possible consequence if a contractionary monetary policy is adopted?
A) The demand for labor will increase. B) The aggregate price level will rise. C) Real output will increase if nominal wages are fixed. D) Real wages will increase if nominal wages are fixed.
Economics
Which of the following changes is/are a shifter of the demand for a particular food product?
A. Changes in consumer income. B. Changes in consumer perceptions of that product. C. Changes in price of that product. D. Both A and B.
Economics