The Tragedy of the Commons Is the Absence of Incentives

question 63

Multiple Choice

The tragedy of the commons is the absence of incentives to

• A) use commonly- owned resources.
• B) have commonly- owned resources.
• C) use privately- owned resources.
• D) prevent the overuse of commonly- owned resources.

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Definitions:

Comparative Form

A grammatical construction used in many languages to compare two items or states, often formed by modifying adjectives or adverbs.

Revenue And Expense

Financial terms identifying the income a company generates and the costs incurred to generate that income, respectively.

Earnings Per Share

A financial metric that gauges the portion of a company's profit allocated to each outstanding share of common stock.

Common Stock

Equity ownership in a corporation, with voting rights and eligibility to receive dividends.