The Tragedy of the Commons Is the Absence of Incentives

question 28

Multiple Choice

The tragedy of the commons is the absence of incentives to

• A)reduce marginal cost of common resources.
• B)prevent underuse of common resources.
• C)prevent overuse of common resources.
• D)discover new common resources.
• E)export wool in sixteenth-century England.

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Definitions:

Phase Voltage

The voltage measured across a single phase in a polyphase electrical system, important for understanding the distribution of power in systems like three-phase AC currents.

Line Voltage

The voltage present in the main electrical power lines, typically higher than what is safe for direct consumer use without transformation.

Wye-Connected

A method of connecting three-phase motors or transformers where one end of each coil is connected to form a central junction point (neutral) and the other ends are connected to the power supply.

Single-Phase Loads

Loads that operate on only one phase of an AC power system.