The "Tragedy of the Commons" Refers to

question 30

Multiple Choice

The "tragedy of the commons" refers to

• A)the inability of lower income groups to achieve a higher level of education.
• B)the absence of incentives to prevent the overuse of a common resource that arises when its users have no incentive to conserve it and use it sustainably.
• C)the acceptance of deplorable working conditions by those who lack the human capital to obtain a better job.
• D)the tendency for bureaucrats to maximize their budget.
• E)farmers who allow their livestock to overgraze their fields.

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Definitions:

Coefficient Of Determination

A measure used in statistical analysis that assesses the proportion of variance in the dependent variable that can be predicted from the independent variable(s).

Dependent Variable

The variable in an experiment or study that is affected by changes in the independent variable.

F Test

A statistical test used to compare two variances and determine if they are significantly different from each other.

Regression Analysis

A statistical method for examining the relationships between dependent and independent variables.