The Tragedy of the Commons Is the Absence of Incentives

question 131

Multiple Choice

The tragedy of the commons is the absence of incentives to

• A) correctly measure the marginal social benefit from a common resource.
• B) prevent under use of the common resource.
• C) prevent overuse and depletion of a common resource.
• D) discover the common resource.

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Definitions:

Boreal Forests

Vast biomes of dense evergreen forests located in the northern regions of the world, known for long winters and short, wet summers.

Precipitation Exceeds

Situations where the amount of rainfall surpasses the capacity of the land or environment to absorb it, leading to excess water on the surface.

Snow-and Ice-covered

describes geographic areas predominantly covered with snow and ice, often referring to polar regions, glaciers, and winter landscapes.

Natural Capital

The world's stocks of natural assets including geology, soil, air, water, and all living things, on which human survival and economic activity depend.