One difficulty in managing common property resources is that
A) the monopoly firm that owns such a resource typically has great economic power, so that breaking it up into smaller firms is not practical.
B) the monopoly firm that owns such a resource typically is a natural monopoly, so that it is undesirable to break it up into smaller firms.
C) many common property resources are so small that management would have to be done on a micro level, greatly increasing government activity in the economy.
D) many common property resources are so vast that single ownership or management of them is not practical, especially if they cross international borders.
E) more and more of them come into being as pollution increases.
D
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If the U.S. real exchange rate decreases, U.S. imports will ________ and U.S. exports will ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
If accompanied by decreased investment, increased saving is both inevitable and desirable
Indicate whether the statement is true or false