Tragedy of the Commons | Online Assignment Help
1. Research and define the concept Tragedy of the Commons and explain how it might apply in this article
2. Identify how the concepts of either opportunity cost or production possibilities frontier could be applied in this article (pretend that either mining or farming are the only 2 products of the economy and confine the scope of the economy to just the area discussed in the article)
3. Why do you think the economic problem of scarcity & choice is so important to an economy?