The Challenge of Cost-Benefit Analysis and the Tragedy of the Commons

question 150

Multiple Choice

The challenge of cost-benefit analysis and the tragedy of the commons are two problems associated with which type of good?

• A) excludable
• B) rival
• C) nonexcludable
• D) nonrival
• E) private

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Definitions:

Assembly Language

A low-level programming language that is closely related to machine code, but readable by humans.

Machine Language

The most basic programming language that is understood directly by a computer's CPU, consisting of binary or hexadecimal instructions.

Class

A blueprint from which individual objects are created in object-oriented programming.

Data

Information processed or stored by a computer, comprising characters, numbers, or other items that can be manipulated.