Which of the following is an example of tragedy of commons ?

Related Mcqs:

Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

A. I and III only B. II and III only C. I, II and III only D. I, II , III only IV...

According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?

A. population growth leads to rigid land rights B. participants will organize their transactions C. violence displacement erosion and poverty are minimized D. individuals overuse of the biosphere is curtailed...

The green house effect is the phenomenon by which ?

A. biological diversity is dominant in agricultural production B. the globe’s water pollution affects plankton C. the earth’s atmosphere traps infrared radiation D. climatic changes occur naturally in the forest...

A higher GDP per capita may not means that the quality of life has really improved because ?

A. It measures wealth not income B. It measures Gross Domestic Product C. It does not measure the quality of the items produced D. It is only measured every five years:...

The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?

A. intermediate production B. Net National Product C. Investment D. depreciation E. consumption...