2024 – EconS 101 WA 4 Page 1 of 2 Good for me good for you bad for us Due in
Econ 101 essay Only for Michelle Kasyoki – 2024
EconS 101 WA 4
Page
1
of
2
Good for me, good for you, bad for us?
Due
in NetTutor
through the link in Blackboard
(
learn.wsu.edu
)
by
Sunday
,
December
3, by
11:
50 pm
(PST)
This video is about the tragedy of the commons:
http://www.youtube.com/watch?v=fNhr2RNhw5w&feature=related
After watching the video, answer the following questions:
1.
What do these economists mean when they sing, “Good for me, good f
or you, bad for us?”
2.
Common pool resources considered in the video include pasture (forage), fisheries, and
atmosphere. Explain what the specific problem is for each resource and identify some ways
that society has tried to mitigate the problems of that common resource
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