Which of the following would likely be the most effective possible solution when a scarce resource is subject to the tragedy of the commons?
A) offer subsidies to the users of the commons
B) restrict access to the commons through community norms and laws
C) persuade people to use less of the scarce resource through an advertising campaign
D) force people to move a great distance away from the commons
B
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The interest rate is 8 percent. The present value of $110 three years from now equals
A) $101.85. B) $94.31. C) $118.80. D) $128.30.
Refer to Figure 11-4. Which of the following combinations of points illustrates changes in the Soviet Union's economy from 1950 to 1980?
A) A to B to C B) B to D C) B to E D) E to B
Free markets produce allocatively efficient outcomes and have no flaws.
Answer the following statement true (T) or false (F)
During recessions, even with no changes in policy, the deficit tends to ______ because _____________
Fill in the blank(s) with correct word