The "Tragedy of the Commons" Is

question 43

Multiple Choice

The "tragedy of the commons" is

• A) the lack of a commons-a common place where people can come together.
• B) the failure to appreciate what we have in common with other species.
• C) that cost-benefit analysis involves value judgments that we do not share in common.
• D) that individual pursuit of self-interest can sometimes make everyone worse off.

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Definitions:

Modern Day

Pertaining to the present time or most recent period in history.

Legal Relationship

A connection between two or more parties recognized and regulated by law, involving rights, duties, and obligations.

Contract

refers to a legally enforceable agreement between two or more parties that creates obligations to do or not do specific things.

Intention

A person's plan or purpose to carry out an exact action, often considered in legal contexts to determine the nature of an agreement or responsibility.