The Tragedy of the Commons
a. occurs most often with public goods.
b. is only applicable to shared grazing rights among sheep herders.
c. is eliminated when property rights are assigned to individuals.
d. occurs when social incentives are in line with private incentives.
c
Economics
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What is the Coase theorem
What will be an ideal response?
Economics
Assume there is an increased demand in the United States for Australian wines. If all other factors are held constant, this will result in
A) an increase in the U.S. dollar exchange rate for Australian dollars. B) an appreciation of the U.S. dollar. C) a movement along the demand curve for Australian wine. D) a decrease in the par value of the Australian dollar.
Economics