Which of the Following Quotations Illustrates the Tragedy of the Commons

question 1

Multiple Choice

Which of the following quotations illustrates the Tragedy of the Commons?

• A)"A bird in the hand is worth two in the bush."
• B)"The only difference between the rich and other people is that the rich have more money."
• C)"What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others."
• D)"Anyone who is not a socialist before he is 30 has no heart; anyone who is still a socialist after he is 30 has no head."

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Definitions:

Free Markets

Economic systems in which prices for goods and services are determined by the open market and by consumers, with minimal governmental intervention or regulation.

Global Economy

The international network of economies and markets, interconnected and influenced by global trade, investment, and information technology.

Skilled Workers

Individuals who have received specialized training, education, or experience that allows them to perform specific tasks or jobs.

Global Economy

The interconnected marketplace where goods, services, and labor are exchanged across worldwide platforms, transcending national borders.