The Tragedy of the Commons Is

question 35

Multiple Choice

The tragedy of the commons is:

• A)the undersupply of a public good due to people not wanting to pay for a publicly common good.
• B)the disappearance of certain markets due to the lack of willingness to pay by individuals,leading to collective misfortune.
• C)the depletion of a common resource due to individually rational but collectively inefficient overconsumption.
• D)None of these statements is correct.

---

Definitions:

High Leg

In electrical systems, a conductor within a delta configuration that carries higher voltage to ground than the other conductors.

Center Tapped Transformer

A transformer with a connection point (tap) in the middle of the secondary winding, which allows for splitting the output voltage into two parts, each half of the full voltage.

Voltage

An electrical measurement that represents the difference in electric potential energy between two points in a circuit.

Ladies Association

Women's groups, often historical, dedicated to philanthropy, social reform, or supporting a particular cause or community need through volunteerism and fundraising.