Pollution is a
a. problem that is entirely unrelated to the parable called the Tragedy of the Commons.
b. problem that cannot be remedied with regulations or corrective taxes.
c. negative externality that can be viewed as a public-goods problem.
d. negative externality that can be viewed as a common-resource problem.
d
You might also like to view...
Product differentiation that makes the product ________ is known as vertical differentiation.
A. less expensive to produce B. more similar to the rival's product C. better for some consumers and worse for others D. better than a rival's product from everyone's perspective
Michelle transfers $4,000 from her savings account to her checking account. What effect is this change likely to have on M1 and M2?
A. M1 decreases and M2 increases B. M1 increases and M2 decreases C. M1 increases and M2 stays the same D. M2 increases and M1 stays the same
The price elasticity of demand between rifles and bullets is likely to be
a. negative, because the goods are complements b. positive, because the goods are complements c. negative, because the goods are substitutes d. positive, because the goods are substitutes e. 0, because the goods are not substitutes
Since 1925, the longest expansion in the United States lasted:
A. 21 months. B. 120 months. C. 43 months. D. 60 months.