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:

Pharynx

The muscular tube that connects the mouth and nasal passages with the esophagus and larynx, serving both respiratory and digestive functions.

Esophagus

The muscular tube connecting the throat (pharynx) with the stomach, responsible for moving swallowed foods and liquids.

Mouth

The opening in the body of most animals through which food is ingested.

Villi

Small, finger-like projections that extend into the lumen of the small intestine, increasing its surface area for nutrient absorption.