The tragedy of the commons is an externality problem. Select one: O True O False

Question

Question

Answer 1

Answer #1

Answer

false

The tragedy of commons is overusing resources means the person or consumer making problem is in the transaction

An externality problem means the negative or positive effect is on the person outside the transaction which is called the third party.

Answer 2

Similar Homework Help Questions

QUESTION 1 Cable companies creating local monopolies is an example of the tragedy of the commons....

QUESTION 1 Cable companies creating local monopolies is an example of the tragedy of the commons. True False
Section Two: True (a) or False (b) 40. The "Tragedy of the Commons" was an environmental...

Section Two: True (a) or False (b) 40. The "Tragedy of the Commons" was an environmental article written by Ralph Nader. 41. Externalizing costs is the act of disregarding or discounting resources or goods that contribute to prođucing something but for which the producer does not actually pay. 42. External costs are always easy to quantify 43. Urban sprawl is the term for large, but well-planned cities organizing space efficiently. 44. The consequences of urbanization in many developing countries include...
1. The [ Select ] ["Private Goods", "Public Property", "Tragedy of the Commons", "Benefits of the...

1. The [ Select ] ["Private Goods", "Public Property", "Tragedy of the Commons", "Benefits of the Commons"] is applicable both to the public pasture lands it refers originally to and any area of economic life where a good is collectively owned and private benefits can be gleaned from leading to over-usage. 2. The Cross-Price elasticity between 2 goods is negative implying that they are[ Select ] ["normal", "complements", "inferior", "substitutes"] goods The Cross-Price elasticity between 2 goods is positive...

What is the tragedy of the commons? How might this problem be avoided? Min 300 words,...

What is the tragedy of the commons? How might this problem be avoided? Min 300 words, Max 400 words •Use references to develop your arguments
True or False: HCIO is a stronger acid than HIO Select one: O True O False...

True or False: HCIO is a stronger acid than HIO Select one: O True O False True or False: H2CO3 is a stronger acid than H2SO4 Select one: True O False True or False: NH3 is a stronger acid than PH3 Select one: O True O False True or False: Hl is a stronger acid than HBr Select one: O True False True or False: HCl is a stronger acid than H2S Select one: O True O False
The economically efficient level of an externality is zero. True O False

The economically efficient level of an externality is zero. True O False

True or False: Interest is the cost of borrowing money. Select one: O True O False

True or False: Interest is the cost of borrowing money. Select one: O True O False
1) What is the “tragedy of the commons”? How does it occur? What can be done...

1) What is the “tragedy of the commons”? How does it occur? What can be done to prevent the problem? 2) Explain what is meant by “free riding”. How can it lead to an under-provision of a public good?
statement is Select one O True O False acer

statement is Select one O True O False acer

QUESTION 13 The tragedy of the commons can o sometimes be averted in large groups of...

QUESTION 13 The tragedy of the commons can o sometimes be averted in large groups of unrelabed people sometimes be averted in smal groups of related people o never be averted only be averted by command and control QUESTION 14 The tragedy of the commons is more likely to apply to oil and gas products e forests and fah e chickens and cows o microchips and lapeeps QUESTION 15 For a given set of demand and supply curves, the horizontal...