When a Government Wants to Solve the Tragedy of the Commons

question 88

Multiple Choice

When a government wants to solve the tragedy of the commons by banning a good:

• A)the cost of breaking the ban needs to be sufficiently low in order to be effective.
• B)it needs to change the trade-offs that producers face.
• C)the ban will only be effective if it can be easily enforced.
• D)it should obtain approval from the community before exacting the ban to be more effective.

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Definitions:

AOQ

Average Outgoing Quality, a measure in quality control that represents the average quality level of the outgoing product after inspection and rectification processes.

AQL

Stands for "Acceptable Quality Level," a statistical measure used in quality control to determine the maximum number of defective units considered acceptable in a sample.

LTPD

Lot Tolerance Percent Defective; the highest defect rate that can be considered acceptable during the random sampling of a lot for acceptance testing.