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Author Question: The output of U.S. citizens who work in Canada would be included in the A) gross domestic product ... (Read 181 times)

Engineer

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The output of U.S. citizens who work in Canada would be included in the
 
  A) gross domestic product of the United States.
  B) gross domestic product of Canada.
  C) gross national product of Canada.
  D) gross national product of Canada and the gross national product of the United States.

Question 2

How do public goods differ from common pool resources? Explain.
 
  What will be an ideal response?



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connor417

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Answer to Question 1

B

Answer to Question 2

Public goods are not the same as common pool resources. While both are non-excludable, unlike public goods, common pool resources are rival in consumption. This means that as more of a common pool resource is used, less of the good is available to others. With public goods, however, a single individual's consumption does not affect the quantity of the good that others can consume.




Engineer

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Reply 2 on: Jun 29, 2018
Excellent


elyse44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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