Individuals, firms, and government agencies deplete clean water and clean air because
A. they are excludable resources.
B. the cost of doing so has no impact on the environment.
C. they are nondepletable.
D. there is little to no charge in accessing these resources.
Answer: D
You might also like to view...
Which of the following usually results from high rates of unemployment?
a. decreased social tensions b. increased stock prices c. decreased political turnover during elections d. decreased potential output of goods
Which tool of monetary policy is most important? Why?
What will be an ideal response?
Suppose the nominal interest rate is 5% and the rate of inflation is 5%. The real interest rate is therefore
A) 0%. B) 1%. C) 5%. D) 6%.
In many corporations, the managers of the corporation run the corporation, although the shareholders own the corporation. In this situation,
A) there is separation of ownership from control. B) there are no outside directors on the board of directors. C) there is no corporate governance. D) there are no inside directors on the board of directors.