"Tragedy of the Commons" points out all of the following, except:
A. The crucial role that individual property rights play in resource preservation
B. Common property will tend to be over-exploited
C. Common property makes its users try to use as much as possible and as soon as possible
D. Individual property rights tend to be tragically abused by the owners
D. Individual property rights tend to be tragically abused by the owners
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Most economists who have studied it believe that the Great Depression was caused by:
A. poor economic policymaking. B. illegal immigration. C. the stock market crash. D. a sharp decline in average labor productivity.
An increase in the value of the U.S. dollar will
A) increase Canadian demand for winter homes in Florida. B) increase the cost of homes in Florida for American buyers. C) reduce Canadian demand for winter homes in Florida. D) reduce the cost of homes in Florida for Canadian buyers.
How would the real exchange rate need to change to get aggregate expenditure to increase?
A. Increase B. Decrease C. Remain constant D. Exchanges rates don’t generally affect aggregate expenditure.
The purchasing power of money decreases as the:
A. production decreases. B. price level increases. C. employment increases. D. demand increases.