What is one way to eliminate the Tragedy of the Commons?
a) increase access to the commons
b) provide more public land for recreation
c) increase law enforcement in public areas
d) limit access to the commons
Ans: d) limit access to the commons
Economics
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An import quota is similar to a ________ in its effect on imports, except that an import quota ________
A) tariff; does not generate revenue B) tariff; generates revenue C) subsidy; does not generate revenue D) subsidy; generates revenue E) tariff; does not result in an efficiency loss.
Economics
The purpose of a crop limitation program is to
a. increase the demand for farm goods b. decrease the demand for farm goods c. increase the supply of farm goods d. decrease the supply of farm goods e. reduce the excess demand resulting from a price ceiling program
Economics