Overuse of a Common Resource May Be Avoided by All

question 144

Multiple Choice

Overuse of a common resource may be avoided by all of the following methods except

• A) charging for the use of a common resource.
• B) issuing tradable permits for the use of a common resource.
• C) government taking over ownership of all private common resources.
• D) setting quotas or legal limits on the quantity consumed of the common resource.

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Definitions:

Positive Outcomes

The beneficial results or effects resulting from actions, interventions, or processes.

Partially Satisfy

To meet or fulfill a need, requirement, or condition to some extent but not completely.

Compromise

Occurs when each party to the conflict gives up something of value to the other.

Bargaining

The process of negotiating terms and conditions between two or more parties with the aim of reaching a mutually acceptable agreement.