Which of the following is an example of a common pool resource?
A) a lighthouse
B) burritos
C) a high school football game
D) redwood forests
D
You might also like to view...
The demand for labor is given by L(w) = 1000 - .5w, where w is the minimum wage. Find the level of w that maximizes the total wage payment, wL(w). What is the wage-elasticity of labor demand at the maximizing minimum wage?
What will be an ideal response?
Which of the following constituted the majority of federal government revenues in 1860?
a. Property tax. b. Tariffs. c. Income tax. d. Fees and Licenses.
The additional output obtained by adding another unit of labor to the production process is called
a. the marginal cost of labor b. the average output of labor c. a variable cost d. the marginal product of labor e. the marginal utility of labor
In public education, the value of the services provided is
A) greater than the value that parents and students place on the services. B) equal to the value that parents and students place on the services. C) less than the value that parents and students place on the services. D) zero since they are a public good.