Author Question: When measured as a share of the total federal budget, entitlement spending has doubled over the last ... (Read 91 times)

madam-professor · **on:** Jun 29, 2018

When measured as a share of the total federal budget, entitlement spending has doubled over the last 50 years.

Indicate whether the statement is true or false

Question 2

The tragedy of the commons refers to a phenomenon where

A) people do not internalize an externality.
B) people have distinct property rights to a resource.
C) people overuse a common resource.
D) individuals are not allowed to use a common resource.