With the Debris of More Than 50 Years of Climbing

question 297

Multiple Choice

With the debris of more than 50 years of climbing on the beautiful high slopes - oxygen canisters, tents, backpacks and even some bodies - Mount Everest has been called the world's highest garbage dump. It has been suggested that there should be a limited number of climbers allowed on the mountain each year to limit the environmental degradation that occurs. This method of achieving efficient use of a common resource is most like

• A) a property right.
• B) an individual transferable quota.
• C) a production quota.
• D) a marginal social benefit right.

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Definitions:

Unilateral

Pertaining to an action or decision made by one party without agreement or consultation with others.

Executory

Pertaining to a contract or deal that has not yet been completed or fully executed by all parties involved.

Bilateral

Relating to agreements or actions involving two sides, parties, or countries, where each has obligations or considerations towards the other.

Valid

Legally sound and binding; conforming to the law or to established rules.