"XI. The Environment 1. Basic problem: the environment is a collective good, shared by all and owned by none (""tragedy of the commons""); core issue is"
{"Image DocumentName": "XI. The Environment", "Image ImageDescription": "1. Basic problem: the environment is a collective good, shared by all and owned by none ( tragedy of the commons ); core issue is externalities, which can cross borders. 2. Economic functions of the environment. a. A consumption good. b. A supplier of resources. c. A receptacle of wastes. d. The problem: not always mutually consistent, hence a collective action problem \u2013 a system governance issue.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}