Which one of the following goods can be considered a global commons?
a. A National Park
b. A river
c. An ocean
d. A herd of deer
e. A diamond mine
Ans: c. An ocean
Economics
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In the figure above, if Mac and Izzie both completely specialized and traded with one another, their joint output would be
A) 3 computers and 3 TV sets per month. B) 6 computers and 6 TV sets per month. C) 12 computers and 12 TV sets per month. D) 24 computers and 24 TV sets per month.
Economics
Wage negotiations in baseball can fit the bilateral monopoly situation when a star player negotiates with an owner. Explain how collective bargaining would be used in wage negotiations and the role of player strikes
Economics