One Way to Alleviate the Tragedy of the Commons Is

question 44

Multiple Choice

One way to alleviate the tragedy of the commons is to

• A)eliminate production quotas for using the common resource.
• B)make the resource private property.
• C)allow all individuals to use the common resource free of charge.
• D)distribute common resources among those individuals who really need the resource free of charge.
• E)set a price of $1 per unit of the common resource because it is an affordable price.

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Definitions:

Institutional Isomorphism

A concept in sociology that explains how institutions tend to become more similar to one another over time due to various pressures that encourage standardization.

Preferred Provider

A healthcare provider who has a contract with an insurer to provide services to plan members for specific pre-negotiated rates.

Prescription Drugs

Medications that are legally available only with a valid prescription from a licensed healthcare provider.

Patent Laws

Regulations governing the granting of exclusive rights to inventors for their inventions, discouraging unauthorized use.