The Tragedy of the Commons Refers to

question 48

Multiple Choice

The tragedy of the commons refers to

• A) overuse of privately held resources
• B) overuse of shared common resources
• C) human deaths from polluted shared resources such as air or water
• D) government over-regulation of fresh water use
• E) a Shakespeare play

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Definitions:

Hydropower

The generation of electricity by utilizing the energy of flowing water, typically by damming rivers to create reservoirs.

Pollution Credits

Allowances granted to companies, permitting them to emit a certain amount of pollutants; they can be traded among companies.

Biodiesel

A biofuel derived from natural sources, such as vegetable oils or animal fats, used as an alternative to conventional fossil fuels.

Oil Prices

are the costs associated with purchasing crude oil, which fluctuate based on global supply and demand dynamics.