The Tragedy of the Commons Is the Absence of Incentives

question 131

Multiple Choice

The tragedy of the commons is the absence of incentives to

• A) correctly measure the marginal social benefit from a common resource.
• B) prevent under use of the common resource.
• C) prevent overuse and depletion of a common resource.
• D) discover the common resource.

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Definitions:

Fracture

A break or crack in a rock; subdivided into joints and faults.

Rock Layers

Strata or sequences of rock sediment that have accumulated over time, each layer representing a specific era in geologic history.

Youngest Unit

The most recently formed or deposited geological layer or structure in a sequence.

Logrolling

A political term denoting the practice of exchanging favors, especially in legislative contexts, but can also refer to reciprocal arrangements in other areas.