The tragedy of the commons can be solved through ______.
A. transaction costs and privatization
B. regulation and public goods
C. conformity costs and free riding
D. regulation and privatization
Answer: D
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Hidden information refers to agents knowing things that principals do not.
Answer the following statement true (T) or false (F)
Explain which type of candidate parliamentary systems seek out to become ministers
A) Those who have experience winning elections and serving on a parliamentary committee B) Newcomers who can bring in a fresh perspective to the ministry C) Individuals who possess a great knowledge of the specific ministry's area D) Those who have political experience regardless of whether or not they have been elected in the past
All the following are recommendations for change in the personnel systems of the Department of Homeland Security except
a. pay for performance. b. alternative personnel systems. c. de-emphasis on union membership. d. hazardous duty pay. e. none of the above.
What is an example of the cost of a project for which the market provides little or no guidance about valuation?
What will be an ideal response?