In 1968 Garrett Hardin Described the Tragedy of the Commons

question 90

Multiple Choice

In 1968 Garrett Hardin described the tragedy of the commons. The classic example of the commons is a pasture where any community member can graze his livestock. What would be the modern equivalent of the commons?

• A) mass public entertainment, such as the circus and rock concerts
• B) natural resources, like water, air, forests, and plants
• C) the Internet
• D) jobs
• E) shopping malls and retailers

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Definitions:

Provincial Tax Rates

The income tax rates levied by a province on individuals and businesses, which vary depending on the province and income level.

Average Provincial Tax Rate

The Average Provincial Tax Rate is the average rate of tax imposed by a province on income, which can vary depending on the income level and specific province.

Average Tax Rate

The ratio of total taxes paid to total income, representing the percentage of income paid in taxes.

Capital Gains

The profit earned from the sale of an asset that has increased in value over the holding period, subject to taxation.