Suppose a City Builds a New Park That Is Advertised

question 168

Multiple Choice

Suppose a city builds a new park that is advertised as being "open to the public," and the grass in the park is ruined by overuse within two months.This would be an example of _____.

• A)adverse selection
• B)moral hazard
• C)the common-pool problem
• D)a positive externality
• E)arbitrage

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Definitions:

Environmental Problems

Issues affecting the natural environment, often due to human activities, that result in negative impacts on ecosystems and human health.

Politically Weak

A condition or state in which an individual, group, or nation lacks political power, influence, or effective control.

Hispanic Americans

A term used to describe people in the United States who are descendants of individuals from Spanish-speaking countries, particularly from Latin America and Spain.

Anti-nuclear Movement

A social movement that opposes various nuclear technologies, often including nuclear power plants and weapons, due to concerns about safety, environmental, and moral implications.