In which of the following cases does the tragedy of the commons occur? I. Cattle grazing on private ranches. II. Catching lobsters off the coast of Florida. III. Raising salmon on salmon farms. IV. Using legal services provided by the courts

A) I only
B) II only
C) II and III only
D) I and IV only

B

Economics

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Induced expenditure is any expenditure that

A) is fixed for all price levels. B) is fixed for all levels of real GDP. C) changes when real GDP changes. D) changes when the interest rate changes. E) is fixed for all levels of the interest rate.

Economics

Define and give an example of how a spell of structural unemployment can begin

What will be an ideal response?

Economics