The tragedy of commons is the
A) underuse of a common resource.
B) absence of incentives for people to pay for what they consume.
C) fact that common resources are nonrival.
D) overuse of a common resource.
D
Economics
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Refer to Figure 4.5. If you know that at least 8 students will choose Solid, you should choose
A) Solid. B) Dash. C) either Solid or Dash, as your payout will be the same either way. D) You need to know what the 9th student will choose before you will know your best choice.
Economics
Because women have a longer average life span than men, they pay
A) more for health insurance. B) less for health insurance. C) more for life insurance. D) less for life insurance.
Economics