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Dvinal [7]
4 years ago
10

Describe tragedy of the commons and explain 3 examples.

Advanced Placement (AP)
2 answers:
daser333 [38]4 years ago
8 0

Answer: Solutions to the tragedy of the commons include the imposition of private property rights, government regulation, or the development of a collective action arrangement. Historical examples of tragedies of the commons include the collapse of the North Atlantic Cod fisheries and the extinction of the dodo bird.

Explanation:

Nady [450]4 years ago
7 0
I hope this helps, it is only one example. Let me know if you need any other help :)

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What happens to our environment if Earth became a closed system for energy and an open system for matter
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What is a complex sentence for muse?
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7 0
3 years ago
(a) Calculate the opportunity cost of a computer in China.
Stella [2.4K]

The opportunity cost of a computer in China is 2 cars.

If the two countries specialize and trade, the country that will import is the United States because it has a higher opportunity cost in the production of computers.

The terms of trade would be beneficial to both China and the United States.

If productivity in China doubles, the country that has a comparative advantage in the production of cars is the United States.

<h3>What is comparative advantage?</h3>

Comparative advantage is when a country produces a good at a lower opportunity cost when compared to other countries.

A country should specialise in producing a good for which it has comparative advantage and import goods for which it does not have comparative advantage.

For China:

Opportunity cost in producing computers = 1200 / 200 = 6 cars

Opportunity cost in producing cars = 200 / 1200 = 1/6 computers

For United States:

Opportunity cost in producing computers = 400 / 200 = 2 cars

Opportunity cost in producing cars = 200 / 400 = 1/2 computers

To learn more about comparative advantage, please check: brainly.com/question/25812820

7 0
3 years ago
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