In the Tragedy of the Commons, joint action among the individual citizens would be necessary to solve their common resource problem unless the government intervenes
a. True
b. False
Indicate whether the statement is true or false
True
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China's recent experience supports the proposition that
A) "economic miracles" are solely to be expected in small countries. B) central planning and socialism can promote sustained economic growth. C) a lessening of income disparities is a prerequisite for economic growth. D) growth in a large country cannot be affected by its foreign sector. E) policy changed can dramatically prompt export oriented growth
The certainty effect shows that
A) people are overconfident about their choices. B) people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is lower. C) people prefer certain outcomes to uncertain outcomes even when the expected value of the uncertain outcome is higher. D) people prefer certain outcomes to uncertain outcomes even when the expected values are the same.
The environmental problems of China is not caused by
A. a lack of central planning in the economy. B. the burning of low-quality, high-sulfur coal. C. a lack of pollution controls. D. the one-child policy of population control.
The United States has less income inequality than most other developed countries.
Answer the following statement true (T) or false (F)