An example of a common pool resource is a broadcast television signal
Indicate whether the statement is true or false
FALSE
You might also like to view...
When an international financial crisis occurs
A) financial lenders protect their investments by pouring money into the ailing country. B) there are no serious financial effects that last more than a few months. C) financial flows can slow to a trickle, influencing economic growth. D) investors sell off bonds and restrict loans as a mechanism to help the country recover.
A common approach that economists use to understand, explain and predict economic phenomena is to
A) form a theory or model. B) conduct experiments in a science lab. C) ask what people think. D) examine people's thought processes.
Which of the following pairs best represents complementary goods?
a. leather shoes and leather boots b. leather shoes and shoe laces c. leather shoes and leather sandals d. leather shoes and cow hides e. leather shoes and fabric shoes
Planned economies
a. can increase production rapidly but are likely to be inefficient b. can produce efficiently but can't guarantee consumers' needs are met c. can produce efficiently, but only at low levels of output d. can provide for all society's needs, but are likely to be inefficient e. none of the above