According to Elinor Ostrom's view of The Tragedy of the Commons: ...

[EY67]

According to Elinor Ostrom's view of The Tragedy of the Commons:
 a. The only way to prevent the collapse of the commons is government intervention.
  b. The only way to prevent the collapse of the commons is to privatize the commons so that it is owned by a single individual.
  c. Individuals will create institutions to prevent the collapse of the commons.
  d. Individuals will use the commons beyond the socially efficient point.

Question 2

Suppose the reserve requirement is 15 percent. Which of the following is true?
 a. The simple money multiplier is 15.
 b. The simple money multiplier is 1/15.
 c. The simple money multiplier is 30,000.
  d. The simple money multiplier is 1/30,000.
  e. The simple money multiplier is 1/0.15.

[iceage]

Answer to Question 1

c

Answer to Question 2

e

[EY67]

Thank you

[iceage]

Happy to help you