Although digital storage costs have declined sharply in the past few years, many universities and companies still have limited storage space for email messages and impose a fixed limit on the amount of file storage space per user
May we view this as a common property resource problem, and do the fixed limits resolve the problem? A) Yes, the storage space used by one person is not available to another person, and the storage limit is a type of quota that allocates the property rights to the storage space.
B) Yes, the storage space used by one person is not available to another person, and the storage limit represents a form of single-person ownership that resolves the common property resource problem.
C) No, one person's use of the storage space does not have an impact on other people, so this is not a common property resource problem.
D) This is an example of a common property resource problem, but the fixed limits on storage space do not resolve the problem.
A
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A supply curve that is upward sloping means that:
A) demand is being ignored. B) consumers will buy less at lower prices. C) suppliers will want to sell more at higher prices. D) suppliers will want to sell less at higher prices.
Which of the following would be directly counted in GDP in 2018?
A) kitchen cabinets purchased from Home Depot in 2018 to be installed in a house built in 1997 B) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a brand new country-style home C) kitchen cabinets built in 1887, extracted from the 1887 home, and installed in a farm house built in 1950 D) none of the above