Overuse of a common resource may be avoided by all of the following methods of government intervention except
A) restricting access to the resource.
B) restricting the intensity of the use of the resource.
C) issuing tradeable permits for the use of the common resource.
D) government taking over ownership of all common resources.
D
You might also like to view...
In a simultaneous move game, the number of possible pure strategies a player can play is equal to the number of actions he can choose to take.
Answer the following statement true (T) or false (F)
Which of the following transactions would take place in the "underground economy"?
A) Matt bought an iPad for $499 but decided to sell it on eBay instead of keeping it. B) Elizabeth tells her mother she's going to work but really goes to see a movie. C) Paul buys 15 gallons of gasoline for $3.29 a gallon, not realizing that $1.50 per gallon of that price goes to the government as tax revenue. D) John makes chain-link belts and necklaces and sells them at a local flea market for cash to avoid paying taxes.
A payoff matrix is a table listing the expected economic profit resulting from different possible strategies
a. True b. False
The three motives that John Maynard Keynes identified for why people hold money are the _______, ________ and _______ motives.
Fill in the blank(s) with the appropriate word(s).