One Difficulty in Managing Common Property Resources Is That

question 55

Multiple Choice

One difficulty in managing common property resources is that:

• A) the monopoly firm that owns such a resource typically has great economic power, so that breaking it up into smaller firms is not practical.
• B) the monopoly firm that owns such a resource typically is a natural monopoly, so that it is undesirable to break it up into smaller firms.
• C) many common property resources are so small that management would have to be done on a micro level, greatly increasing government activity in the economy.
• D) many common property resources are so vast that single ownership or management of them is not practical, especially if they cross international borders.
• E) more and more of them come into being as pollution increases.

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Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than external facts or evidence.

Primary Appraisal

An initial evaluation of whether an event is (1) irrelevant to one, (2) relevant, but not threatening, or (3) stressful.

Direct Supervisor

The immediate superior in the workplace responsible for overseeing an employee's daily activities.

Analysis

The process of examining components or structure of a substance, system, or theory to understand its nature or to determine its essential features.