Multiple Choice
Four friends who love to ski decide to pool their financial resources and equally share the cost of a one-week time-share condominium in Alta,Utah.Unfortunately,the condominium does not come with maid service.Everyone says that she values clean dishes,yet unwashed dishes pile up in the sink.To an economist,clean dishes in the cupboard represent
A) a common resource problem.
B) a problem similar to cost-benefit analysis for public projects.
C) the household behavior of the invisible hand.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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