The depletion of a common resource due to individually rational but collectively inefficient overconsumption is called:
A. excludability.
B. the free rider problem.
C. rival in consumption.
D. the tragedy of the commons.
Answer: D
You might also like to view...
If the deficit is increasing because of the effects of automatic stabilizers, _____
a. the budget is annual balanced b. the economy is contracting c. the annual deficit will approach zero d. the budget is cyclically balanced e. the economy is growing
The role of international ________ is to direct one nation's savings into another nation's investments.
A. merchandise trade flows B. unilateral transfers C. services flows D. capital flows
If a European billionaire buys stock in General Motors, then the purchase will be recorded in the:
A. European financial and capital account. B. European current account. C. U.S. government financial account. D. U.S. current account.
When the U.S. housing market crashed, it caused all of the following except:
A. all sellers of real estate to profit when selling their house. B. lenders to stop lending. C. the U.S. economy to tip into the Great Recession. D. banks to go bust due people not paying their mortgages.