Private Decisions About Consumption of Common Resources and Production of Public

question 75

Multiple Choice

Private decisions about consumption of common resources and production of public goods usually lead to an

• A)efficient allocation of resources and external effects.
• B)efficient allocation of resources and no external effects.
• C)inefficient allocation of resources and external effects.
• D)inefficient allocation of resources and no external effects.

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Definitions:

Divergent Thinking

A cognitive process that involves generating creative ideas by exploring many possible solutions.

Hereditary Studies

Research into how characteristics and conditions are transmitted from parents to offspring through genes.

Genetic Engineering

The manipulation of an organism's genes using biotechnology, including the editing, adding, or removing of DNA sequences to achieve desired traits.

Displacement

A psychological defense mechanism where mind redirects emotions or feelings from the original source to a less threatening target.