The tendency of a shared, limited resource to become depleted because people act out of self interest for short-term gain is generally referred to as

The tragedy of the common

Explanation:

 The Tragedy of the common is refers to the situation in which the limited shared resources are depleting because of the self interest to the short term gain by the collective action.

The main objective of the tragedy of the common is that is deals with the economic theory as it is the problem which occur due to the over use in the resources and the high demand supply of the resources in the market.

It basically describe us that the how people can freely use the resources without concern about the resources used by the future generation. Therefore, The tragedy of the common is the correct answer.

credit card number 4 is the right answer

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.