In 1968, Garrett Hardin Described the Tragedy of the Commons

question 127

Multiple Choice

In 1968, Garrett Hardin described the tragedy of the commons. The classic example of the commons is a pasture where any community member can graze their livestock. What would be the modern equivalent of the commons?

• A) mass public entertainment, such as the circus and rock concerts
• B) natural resources, such as water, air, forests, and plants
• C) the Internet
• D) shopping malls and retailers

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Definitions:

Current Account

An element of a nation's financial transactions with the world that records the trading of goods and services, net profit from investments, and payments transferred.

Foreign Exchange Rates

The price of one currency in terms of another, determining how much of one currency can be exchanged for another in the foreign exchange market.

Nation'S Currency

The legal tender issued by a country's central bank or government, serving as the medium of exchange within the country.

Exports And Imports

Goods and services sold to other countries (exports) and goods and services purchased from other countries (imports).