The Tragedy of the Commons is a parable that illustrates why?

Related Mcqs:

Suppose each of 20 neighbours on street values street repairs at €3000 the cost of the street repair is €40,000 which of the following statements is true ?

A. it is efficient for the government to tax the resident €2,000 each and repair the road B. It is efficient for each neighbour to pay €3,000 to repair the section of street in front of his/her home C. None of these answers are true D. it is not efficient to have the street repaired...

Which of the following is an example of a public good ?

A. hot dogs at a picnic B. Whales in the ocean C. national defense D. apples on a tree in a public park...

Suppose that requiring motorcycle riders to wear helmets reduces the probability of a motorcycle fatality from 0.3 percent to 0.2 percent over the lifetime of a motorcycle rider and that the cost of lifetime supply of helmets is Rs5000. It is efficient for the government to require riders to wear helmets if human life is valued at ?

A. Rs 150 or more B. Rs 500,000 or more C. Rs50,000 or more D. Rs500 or more E. Rs100 or more...

A negative externality affect market efficiency in a manner similar to ?

A. an excludable good. B. a private good C. a common resource D. a public good....

Which of the following is an example of a common resource ?

A. a firework displays B. national defense C. iron one D. a national park...