The Tragedy of the Commons Was Avoided in the Middle

question 3

Multiple Choice

The tragedy of the commons was avoided in the Middle Ages by

• A)selling common grounds to individuals.
• B)the local police who monitored entry into the commons.
• C)social pressure to uphold traditionally accepted limits on family use of the commons.
• D)the government which imposed a tax for the use of the commons.

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Definitions:

Common Stock

Shares representing ownership in a corporation, giving holders voting rights and a claim on a portion of the company’s profits through dividends.

Dividend

a distribution of a portion of a company's earnings to its shareholders, usually in cash or additional shares.

Convertible Preferred Stock

Preferred stock that gives the owner the option of converting those preferred shares into a stated number of common shares.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation, giving voting rights and a share in the profits.