The Tragedy of the Commons Refers to The

question 11

Multiple Choice

The tragedy of the commons refers to the:

• A)overuse of resources that have no price.
• B)overuse of resources that have no cost.
• C)under production of external benefits.
• D)pollution of our natural resources.

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Definitions:

Business Friendly

Describes policies and regulatory environments that foster business start-ups, expansions, and attract investments.

Delaware

A U.S. state known for its business-friendly laws and as a popular jurisdiction for incorporating companies.

Sole Proprietorships

A company that is both owned and run by one person, in which the owner and the company are legally considered the same entity.

Corporations

Legal entities established by individuals, stockholders, or shareholders, with the purpose of operating for profit.