Ex--5 - Exercise 5. Due TUESDAY April 19, 9 AM 10 points...

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Exercise 5. Due TUESDAY April 19 , 9 AM 10 points for each question 1. Sustainable development means a. emphasizing the role of the market. b. emphasizing the role of government. c. meeting the present generation’s needs without compromising the needs of future generations. d. maintaining output growth at a constant rate. Answer: C 2. Which of the following conditions is violated if there is a free rider problem? a. Universality b. Exclusivity c. Transferability d. Enforceability Answer: B 3. A resource that is publicly owned and allocated under a system of unrestricted access is known as a. a socialist resource. b. a collective resource. c. a common property resource. d. a transferable resource. Answer: C 4. International resources shared by all countries, such as oceans and air, are known as a. global commons. b. free rider problems. c. nonrenewable resources. d. cooperative resources. Answer:
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This note was uploaded on 05/19/2011 for the course ECON 340 taught by Professor Mostafabeshkar during the Spring '08 term at Purdue University-West Lafayette.

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Ex--5 - Exercise 5. Due TUESDAY April 19, 9 AM 10 points...

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