What Is the Common Source of Negative Externalities and the Tragedy

question 128

Multiple Choice

What is the common source of negative externalities and the tragedy of the commons?

• A)A lack of clearly defined and enforced property rights
• B)A lack of concern for human rights
• C)A lack of competition
• D)Self-interest motives of consumers and producers

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Definitions:

Psychologists

Professionals who study cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and their environments.

Mnemonic Device

A technique a person can use to help them improve their ability to remember something.

Link Method

A memory-aid technique that involves forming a mental association between items in a list to improve recall.

Method of Loci

A mnemonic device that involves imagining placing items to be remembered in specific physical locations or a familiar pathway, enhancing recall.