Which of the Following Applies to the Tragedy of the Commons

question 141

Multiple Choice

Which of the following applies to the tragedy of the commons and a common resource?
i.In the absence of government action,there are no incentives to prevent the overuse of the common resource.
ii.When consumers take account of the marginal social benefit and marginal cost,overuse of the common resource occurs.
iii.Even with government action,it is impossible to achieve the efficient level of use of a common resource.

• A) i only
• B) i and ii
• C) ii and iii
• D) i, ii, and iii
• E) ii only

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Definitions:

Equality

The state of being equal, especially in status, rights, and opportunities.

Workplace

A location where people are employed and where professional duties are carried out.

Intercultural Skills

The ability to communicate effectively and appropriately with people from other cultures, understanding their norms and behaviors.

Own Culture

Refers to the customs, values, beliefs, and social norms that belong to an individual's or group's heritage and identity.