Which Statement(s) Can Be Attributed to Elinor Ostrom

question 251

Multiple Choice

Which statement(s) can be attributed to Elinor Ostrom?
I. She identified rules that are required for sustainable user-managed common property resources.
II. She identified the concept of government failure.
III. She argued that under certain conditions, the efficient allocation of resources among parties can be attained through bargaining.

• A) I and II only
• B) I only
• C) II and III only
• D) I, II, and III

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - in the cost of a product.

Variable Costing

An accounting method that charges only variable production costs to units produced and treats fixed manufacturing overhead as a period expense.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.