With the Debris of More Than 50 Years of Climbing

question 297

Multiple Choice

With the debris of more than 50 years of climbing on the beautiful high slopes - oxygen canisters, tents, backpacks and even some bodies - Mount Everest has been called the world's highest garbage dump. It has been suggested that there should be a limited number of climbers allowed on the mountain each year to limit the environmental degradation that occurs. This method of achieving efficient use of a common resource is most like

• A) a property right.
• B) an individual transferable quota.
• C) a production quota.
• D) a marginal social benefit right.

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Definitions:

Ad Valorem Duty

A type of tax applied on the value of an item, commonly used in the context of customs duties on imported goods.

Country A

A placeholder name often used to denote a hypothetical or undisclosed nation in discussions or examples.

Australian Dollars

The recognized monetary unit of Australia, denoted by the abbreviation AUD.

Global Concerns

Issues that affect the international community, encompassing a wide range of topics including environmental, political, economic, and social issues.