The Essential Cause of the Tragedy of the Commons Is

question 40

Multiple Choice

The essential cause of the tragedy of the commons is the fact that:

• A)it can be difficult to solve the free-rider problem.
• B)one person's use of a commonly held resource imposes an external cost on others.
• C)when a resource has no price, it leads to a positional externality.
• D)governments may not tax activities that generate negative externalities.

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Definitions:

Commit Another Crime

The action of engaging in illegal activities or offenses after previously offending.

Auto Thieves Arrested

The apprehension by law enforcement of individuals accused of stealing automobiles, typically leading to legal prosecution.

Organized Crime

Unlawful acts methodically organized and executed by dominant groups on a grand scale.

Government Laws

Rules and regulations established by a government to regulate the behavior of its citizens, entities, and relationships within its jurisdiction.