Hiring foreign labor and producing in other countries is an example of offshoring

Common resources are overused because:

a) the marginal private benefit will always exceed the marginal social cost b) the marginal social benefit is not taken into consideration by producers c) social costs are controlled by quotas d) the social costs outweigh the private costs

The concept of a risk premium applies to a person that is

A) risk averse. B) risk neutral. C) risk loving. D) all of the above