When Each Individual Seeks to Maximize His or Her Use

question 67

Multiple Choice

When each individual seeks to maximize his or her use of the common pool of resources without regard to their degradation or depletion because no one owns them, political scientists speak about a

• A)race to the bottom.
• B)tragedy of the commons.
• C)fallacy of collective action.
• D)cooperative demise.

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Definitions:

Logarithms

The level to which a base, usually 10 or e, is raised to generate a particular number.

Condense

In mathematics, to express a complex expression in a simpler form by combining like terms or using mathematical properties.

Properties

The characteristics or attributes that help define or identify mathematical objects, operations, or relationships.

Approximate

A value or quantity that is nearly but not exactly correct, often used when exact figures are not necessary or available.