The Tragedy of the Commons Is The

question 45

Multiple Choice

The tragedy of the commons is the:

• A)undersupply of a public good due to consumers not paying the full value of the good.
• B)disappearance of certain markets due to the public's lack of willingness to pay.
• C)depletion of a common resource due to individually rational, but collectively inefficient, overconsumption.
• D)notion that common resources are generally underconsumed and therefore not regularly produced due to artificially low demand.

---

Definitions:

Infection

The invasion and multiplication of microorganisms such as bacteria, viruses, and parasites that are not normally present within the body.

Case-fatality Rate

The percentage of cases of a specified condition or disease that result in death.

Measles

A highly contagious viral infection that affects primarily children, characterized by a distinctive red rash among other symptoms.

Confirmed Cases

Instances of a disease or condition that have been verified by diagnostic testing or medical confirmation.