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:

Legal System

The comprehensive set of rules and principles, administered through a series of institutions, that governs society and enforces behavioral norms.

NCRMD

Not Criminally Responsible on Account of Mental Disorder, a legal defense claiming that an individual was mentally ill at the time of committing an offense, thus not responsible for the action.

Mental Disorder

A condition that affects a person's thinking, feeling, behavior, or mood, significantly impacting daily functioning and life.

Charter Of Rights And Freedoms

A component of the Canadian Constitution that protects various civil liberties and rights of individuals from infringements by government actions.