The Tragedy of the Commons Was Avoided in the Middle

question 3

Multiple Choice

The tragedy of the commons was avoided in the Middle Ages by

• A)selling common grounds to individuals.
• B)the local police who monitored entry into the commons.
• C)social pressure to uphold traditionally accepted limits on family use of the commons.
• D)the government which imposed a tax for the use of the commons.

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Definitions:

Compounded Quarterly

Interest on an investment that is calculated four times a year.

Interest

Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

Lump Sum

A large single payment made at a particular time, especially in the context of paying off a loan or investing.

Compounded Quarterly

Interest calculation method where interest is added to the principal sum so that each quarter's interest earns interest in subsequent quarters.