Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 17, Problem 20APA
To determine
Relevance of tragedy of commons.
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5. Which of the following is an example of a solution to the tragedy of the commons?
a. Improving literacy among urban populations
b. Raising tax rates for large corporations
c. Inventing stronger antibiotics
d. Passing a law to set limits for fishermen
6. Which human activity would most likelv deplete finite resources?
use of natural enemies to eliminate insect pests
b. development of wildlife refuges
governmental restriction of industrial pollution
d. uncontrolled population growth
a.
7. What is the definition of Ecological Footprint?
The impact of a person on the environment
b. How much pollution an animal produces
The impact of the oceans towards erosion
d.
a.
C.
The impact of a person on their neighbors
8. What does sustainability mean?
a.
Using only non-renewable resources
b.
Avoiding the depletion of natural resources in order to maintain ecological balance.
c. Using only fossil fuels
d. Using resources faster than they can be made
Describe any two policies we can use to address market failure due to
commons or public goods.
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5. Tragedy of the Commons
Describe a modern-day example of the Tragedy of the Commons
b. Explain what was done or what could be done to fix the problem.
Chapter 17 Solutions
Macroeconomics
Ch. 17.1 - Prob. 1RQCh. 17.1 - Prob. 2RQCh. 17.2 - Prob. 1RQCh. 17.2 - Prob. 2RQCh. 17.2 - Prob. 3RQCh. 17.2 - Prob. 4RQCh. 17.3 - Prob. 1RQCh. 17.3 - Prob. 2RQCh. 17.3 - Prob. 3RQCh. 17.4 - Prob. 1RQ
Ch. 17.4 - Prob. 2RQCh. 17.4 - Prob. 3RQCh. 17.4 - Prob. 4RQCh. 17 - Prob. 1SPACh. 17 - Prob. 2SPACh. 17 - Prob. 3SPACh. 17 - Prob. 4SPACh. 17 - Prob. 5SPACh. 17 - Prob. 6SPACh. 17 - Prob. 7SPACh. 17 - Prob. 8SPACh. 17 - Prob. 9SPACh. 17 - Prob. 10APACh. 17 - Prob. 11APACh. 17 - Prob. 12APACh. 17 - Prob. 13APACh. 17 - Prob. 14APACh. 17 - Prob. 15APACh. 17 - Prob. 16APACh. 17 - Prob. 17APACh. 17 - Prob. 18APACh. 17 - Prob. 19APACh. 17 - Prob. 20APACh. 17 - Prob. 21APACh. 17 - Prob. 22APACh. 17 - Prob. 23APACh. 17 - Prob. 24APACh. 17 - Prob. 25APACh. 17 - Prob. 26APACh. 17 - Prob. 27APACh. 17 - Prob. 28APACh. 17 - Prob. 29APACh. 17 - Prob. 30APA
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- Table 11-1Consider the town of Springfield with only three residents, Sophia, Amber, and Cedric. The three residents are trying to determine how large, in acres, they should build the public park. The table below shows each resident’s willingness to pay for each acre of the park. Acres Sophia Amber Cedric 1 $10 $24 $6 2 8 18 5 3 6 14 4 4 3 8 3 5 1 6 2 6 0 4 1 7 0 2 0 Refer to Table 11-1. Suppose the cost to build the park is $24 per acre and that the residents have agreed to split the cost of building the park equally. If the residents decide to build a park with size equal to the number of acres that maximizes total surplus from the park, how much total surplus will Amber receive? a. $56 b. $0 c. $26 d. $32arrow_forwardRead 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.arrow_forward1. Cattle grazing in a farmer's pasture do not suffer from the tragedy of the commons but explain why are fish in the ocean an example of a resource that suffers from the tragedy of the commons?arrow_forward
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