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Westkost [7]
2 years ago
10

Common resources differ from public goods in that:

Business
2 answers:
Svetradugi [14.3K]2 years ago
8 0

Answer:

The answer is option

D) unlike public goods, common resources are rival in consumption.

Explanation:

Common Pool Resources are by definition non excludable and rival. Thus, if a good is both non excludable and rival it is a Common Pool Resource or a Common Good, but not a Public Good Common resources are rival in consumption but not excludable.

However, Public Goods can be excludable or rival to varying degrees. Some goods that cause positive or negative externalities are public goods

Public Good and Common Resource are both non-excludable. The main difference is their rivalry property.

Public Goods can be consumed without reducing availability for others, while consuming Common Resources will decrease the available resources for others.

Public Good has free-riders problem (lack of contributions) while Common Goods has "tragedy of the commons problem" (overuse).

victus00 [196]2 years ago
3 0

Answer: Option D

Explanation:

Public goods are neither rival in consumption nor excludable.

Common resources are rival in consumption but not excludable

A product is considered to be rivalrous if your consumption of the product reduces the quantity available for others to consume.

An example of a product that is nonexcludable and rivalrous is flu vaccinations.

Water is an example of a common pool resource.

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If workers and firms have rational expectations, they understand that ________ monetary policy will raise the inflation rate, so
Deffense [45]

Answer:

<u>expansionary; will be equal to</u>

Explanation:

<em>Remember</em>, monetary policies are basically divided into:

  1. expansionary monetary policy, and
  2. contractionary monetary policy.

Indeed, as the name implies, the expansionary monetary policy is meant to in a sense boost up economic growth in terms of reducing interest rates thereby theoretically increasing spending and also leading to an increase in the money supply. When there is an increase in the money supply, this thus leads to an increased inflation rate, which would be expected if workers and firms have rational expectations.

6 0
3 years ago
Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $13,000 av
podryga [215]

Answer:

$34,116

Explanation:

To determine how much Pete would should save, we have to determine the present value of $13,000

Present value is the sum of discounted cash flows

present value can be calculated with a financial calculator

Cash flow each year from year 1 to 3 = $13,000

I = 7%

Present value = $34,116

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

7 0
3 years ago
The refractive index of a rarer medium with respect to a denser medium is.....
vekshin1

Answer:

B) Smaller Than 1

Explanation:

Snell's Law states that the ratio of the sines of incidence and refraction is equal to the ratio of the phase of velocities in the two phases. When light travels from a rarer medium like air to a denser medium like water, the light would be refracted towards the normal line. For example, the refractive index of air with respect to glass is represented as;

<em>sin i / sin r</em>

If light rays travel from glass which is a denser medium to a rarer medium which is air, the light rays would bend away from the normal line, and then the angle of refraction would be greater than the angle of incidence. So, the refractive index of the rarer medium which is air with respect to the denser medium which is glass will be smaller than 1.

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3 years ago
Metacognition is
slega [8]
Metacognition is often referred to ask "knowing about knowing." Metacognition is the awareness or understanding of one's own thought process. 
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3 years ago
If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution,
xenn [34]
<h3>Hello there!</h3>

Your question asks if you offer up your car as a demonstration that you will pay off your loan, would your car be used as collateral?

<h3>Answer: True</h3>

The reason why your answer would be "True" is because you're offering up your car for something that could not be very certain to do.

If you offered your car as a demonstration to pay off your loan, but you don't pay off the loan, the bank has every right to take the car from you, due to the fact that the car is on collateral.

Collateral is known as something that is "forfeited" or "security" for a repayment of a loan.

In this situation, you're offering your car as collateral if you don't pay the loan back. And if you don't pay the loan back, you're going to forfeit your car to the bank in order for them to use it as a way to get money to pay off the loan themselves. Banks, bail bonds, etc. usually have people put things up for collateral to keep a "safe" measure for the loan, due to the fact that they're giving people instant money. It's just a "security" or "safety" procedure banks due in order to get something in return if the loan is not paid off, so they won't be losing money or leave empty handed.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
5 0
3 years ago
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