The Tragedy of the Commons

question 156

Multiple Choice

The Tragedy of the Commons

• A)occurs most often with public goods.
• B)is only applicable to shared grazing rights among sheep herders.
• C)is eliminated when property rights are assigned to individuals.
• D)occurs when social incentives are in line with private incentives.

---

Definitions:

Valid

A deductive argument where the form is such that the conclusion must be true if the premises are assumed to be true.

Premises

Statements or propositions from which a conclusion is drawn in an argument, assumed to be true.

False

Not true or correct; erroneous or misleading.

Modus Tollens

A logical argument form that concludes the inverse of an antecedent from the denial of the consequent, typically structured as "If P, then Q. Not Q, therefore not P."