According to Garrett Hardin in his classic article about the tragedy of the commons in the environment, self- interest is likely to lead individuals and organisations to behave in ways that will not sustain our shared resources, therefore Select one Oa Constraints must be placed on the use of commons (e the environment) O b. Resources are unlimited Oc Companies can manage common resources Od. Individuals are free to use common resources

In the diagram, at which point is this consumer willing to give up more fossil fuels for an additional unit of renewable fuels than she must give up according to her budget constraint? Fossil Fuels B. BL2 IC2 BL BL3 E Renewable Fuels X X3 OA. A Ов. в OC.C OD. D OE. E

What is an "open access resource"? Why do open access resources often exhibit what is known as the problem of the "tragedy of the commons"? What properties of efficient property rights are violated by an "open access resource"?

Help plz graph plz 3 8

Read the excerpt. "The Maryland Department of Natural Resources has rescheduled public hearings on whether to allow companies to build wind turbines In state forests in Westem Maryland." -Baltimore Sun, January 2008 The situation described in the news article illustrates a possible conflict between finding alternative sources of energy and A protecting the environment. B funding national defense. C enhancing the quality of education. D promoting economic equity.

An increase in globalization has lead to an increase in pollution, and this is a problem because pollution is seen to be the classic example of a This is a that individuals impose on others but do not pay for. O negative externality, cost O possitive externality, benefit O negative externality, benefit O possitive externality, cost

A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals to clear some of Sherwood’s forest and grow corn, but obtaining this additional economic output will have an environmental cost from reducing the number of trees. Table shows possible combinations of economic output and environmental protection. a. Sketch a graph of a production possibility frontier with environmental quality on the horizontal axis, measured by the number of trees, and the quantity of economic output, measured in corn, on the vertical axis. b. Which choices display productive efficiency? How can you tell? c. Which choices show allocative efficiency? How can you tell? d. In the choice between T and R, decide which one is better. Why? e. In the choice between T and S, can you say which one is better, and why? f. If you had to guess, which choice would you think is more likely to represent a command-and-control environmental policy and which choice is more likely to…