Which of the following exemplifies the tragedy of the commons?
A) Residents of the southern coast of Alaska receive only one public broadcasting signal which may be eliminated altogether if government funding is cut.
B) The Lakeview Estates community is growing so fast that the city's only fire station is not able to keep pace with the population growth in the community.
C) British citizens receive free universal health care administered by the government.
D) The Tibetan Antelope, distinguished for its fur which is commonly used as a light wool, is a target for poachers.
D
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A best response is ________
A) one player's optimal action choice irrespective of the action of the other player B) one player's optimal action choice taking the other player's action as given C) an action choice that always results in a zero payoff to the opponent D) an action choice that results in equal payoffs to all the players in a game
The exchange rate is determined by the interaction of the supply and demand for currencies in which exchange rate system? is:
A) fixed. B) flexible. C) all of the above. D) none of the above.