Tragedy of the commons is often referred to as a collective action problem because: select one: a. prices are too high which reduces welfare for everyone b. common pool resources are both excludable and rivalrous c. everyone tries to take an action at the same time causing crowding out d. a collection of individuals may find itself in in a situation where the group is better off if all contribute to the common good, but each group member has incentive to free ride
Answers: 1
Business, 22.06.2019 11:40, maddied2443
The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?
Answers: 3
Business, 22.06.2019 21:50, Chloe0095
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
Business, 23.06.2019 07:30, maskoffvon
What criteria does a company have to meet to be considered a monopoly?
Answers: 2
Tragedy of the commons is often referred to as a collective action problem because: select one: a....
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