The Tragedy of the Commons Will Be Evident When a Growing

question 62

Multiple Choice

The Tragedy of the Commons will be evident when a growing number of crocodile hunters leads to the loss of crocodiles in many rivers: Possible solutions to this problem include:

• A)providing only a limited number of hunting permits to the hunters
• B)internalising the externality by using crocodile ranches to turn the animals into a private good
• C)reduce the hunting season for crocodiles
• D)all of the above could be done

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Definitions:

Relationship

How two or more notions, entities, or persons have a bond between them, or the existence of such a bond.

Contradictories

Statements or propositions that are in direct opposition to each other, such that if one is true, the other must be false.

Contraries

Assertions or claims that are mutually exclusive in truth but can simultaneously be incorrect.

Contrapositive

In logic, a statement formed by negating both the hypothesis and conclusion of the converse of a conditional statement and then reversing them.