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"A modern example of tragedy of the commons is known as", different kinds of goods Multiple Choice Questions (MCQ) with choices environmental degradation, unhygienic food, smoking/drinking alcohol, and pollution to study online schools courses. Learn public goods and common resources questions and answers with free online certification courses for online college classes.
Different Kinds of Goods Questions and Answers PDF Download 50
MCQ: A modern example of tragedy of the commons is known as
- unhygienic food
- environmental degradation
- smoking/drinking alcohol
- pollution
B
MCQ: Among many, one primary economic model is known to be as
- aggregate demand and aggregate supply model
- monetary model
- interest rate model
- bias model
A
MCQ: The theory that states that the decision maker should select the course of action whose maximum loss is better than the minimum loss of all other courses of action possible in given circumstances is known as
- utilitarianism
- social insurance
- maxim in criterion
- libertarianism
C
MCQ: The type of model that deals with the time series and the stages of adjustment itself is called as
- dynamic analysis
- static analysis
- comparative static analysis
- zero analysis
A
MCQ: A situation when the price is charged more than or less than the equilibrium price determined by market forces is known to be as
- price floor
- price ceiling
- binding
- equilibrium
B