Which of the Following Applies to the Tragedy of the Commons

question 141

Multiple Choice

Which of the following applies to the tragedy of the commons and a common resource?
i.In the absence of government action,there are no incentives to prevent the overuse of the common resource.
ii.When consumers take account of the marginal social benefit and marginal cost,overuse of the common resource occurs.
iii.Even with government action,it is impossible to achieve the efficient level of use of a common resource.

• A) i only
• B) i and ii
• C) ii and iii
• D) i, ii, and iii
• E) ii only

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Definitions:

Human Ability

The range of skills, talents, and capacities possessed by individuals.

Social Life

Interactions and relationships among individuals in a society, including social activities and engagements.

Abstractions

Concepts or ideas that are not physically tangible but are created through the process of thought and used to understand and describe complex realities.

Cooperation

A process where individuals or groups work together towards a common goal, often beneficial to all parties involved.