The Tragedy of the Commons Will Be Evident When a Growing

question 100

Multiple Choice

The Tragedy of the Commons will be evident when a growing number of crocodile hunters leads to the loss of crocodiles in many rivers: Possible solutions to this problem include:

• A) providing only a limited number of hunting permits to the hunters
• B) internalising the externality by using crocodile farms to turn the animals into a private good
• C) reduce the hunting season for crocodiles
• D) all of the above could be done

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Definitions:

Appropriate Graphic

A visual element such as a chart, diagram, or image that is suitable and effectively supports the message or data it accompanies.

Communication Channel

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Firsthand Data

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Economically

Pertains to the manner in which resources are used and managed in the production, distribution, and consumption of goods and services.