When Individuals Consume More Than Their Share,and the Cost of Doing

question 27

Multiple Choice

When individuals consume more than their share,and the cost of doing so is dispersed among all,the result is called

• A)greed.
• B)environmental devastation.
• C)overconsumption.
• D)the Tragedy of the Commons.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the marketplace.

Goods And Services

Physical items produced and actions performed to fulfill the needs and wants of consumers.

Non-Renewable

Refers to natural resources or sources of energy that cannot be replenished within a human life span, such as fossil fuels and minerals, making them finite and exhaustible.

Fertile Soil

A type of soil that contains a rich supply of nutrients and minerals conducive to growing plants.