One way to eliminate the Tragedy of the Commons is to
a. increase law enforcement in public areas.
b. limit access to the commons.
c. increase access to the commons.
d. decrease taxes.
b
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What is the dominant strategy for Bob? Donna? Which strategy should each player choose to maximize the potential gain? What do you think the outcome of this game will be? Carefully explain your answers
What will be an ideal response?
Deviations from interest rate parity could be due to transaction costs, differential taxation, government controls, and political risk
Indicate whether the statement is true or false
Currency devaluation ______export producers because_______
a. Helps; exports are more expensive b. Hurts; exports are more expensive c. Helps; exports are less expensive d. Hurts; exports are less expensive
Because most people spend a very small fraction of the income on tap water, it is likely to be
A. inelastic. B. perfectly elastic. C. perfectly inelastic. D. elastic.