International Relations Final

Nonderogable rights

freedom from torture or cruel and degrading punishment; the right to be recognized as a person before the law; and freedom of thought, conscience, and religion

rights that cannot be suspended for any reason

Public goods

Products that are nonexcludable and nonrival in consumption, such as national defense or clean air or water

Common pool resources

goods that are available for everyone but one person using it decreases what is left for others. ex water

Nonexcludeable goods

Goods that, if available to be consumed by one actor, cannot be prevented from being consumed by other actors as well.

Non rival goods

Goods for which consumption by one actor does not diminish the quantity available for others.

Private goods

rival and excludeable

Common pool

nonexcludeable, rival

fishery/ forest

club goods

nonrival, excludeable

golf, swimming club, internet

public goods

nonexcludeable, nonrival

cap and trade system

sets an overall limit on emissions, which is then lowered over time to reduce pollutants released into the atmosphere. Firms can sell “credits” when they emit less than their allocation or must buy from others when they emit more than their allocation.