What is the tragedy of the commons?
a. the tragedy of the commons refers to the fact that a g...
What is the tragedy of the commons?
a. the tragedy of the commons refers to the fact that a good can be rival and excludable.
b. the tragedy of the commons refers to the tendency for a common resource to be overused.
c. the tragedy of the commons is the tendency for some goods to be excluded from public consumption.
d. the tragedy of the commons refers to the fact that some people benefit from a good without paying for it?
Answers: 1
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Which best describes the nature of cause and effect in the context of the business cycle?
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