Which of the Following Has Been the Most Typical Way

question 110

Multiple Choice

Which of the following has been the most typical way to solve tragedy of the commons problems?

• A) government command and control solutions, like limiting the number of fishing boats
• B) government command and constraint solutions, like prohibiting any attempt to fish common areas
• C) tradable allowances which make fish a tradable market
• D) tradable allowances which result in "capital stuffing"

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Definitions:

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, which can be tested through experimentation or observation.

Phenomenon

An observable event or a remarkable occurrence that can be scientifically described or investigated.

Null Hypothesis

An empirically testable hypothesis that two phenomena are entirely unrelated except perhaps by random chance.

Confirmatory Factor Analysis

A statistical technique used to verify the factor structure of a set of observed variables.