Which of the Following Is a Possible Solution When a Scarce

question 151

Multiple Choice

Which of the following is a possible solution when a scarce resource is subject to the tragedy of the commons?

• A)access to the commons can be restricted through community norms and laws
• B)offer subsidies to consumers
• C)force people to move away from the commons
• D)persuade people to use less of the scarce resource through an advertising campaign

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Definitions:

Disaffirm

the legal right, often associated with minors, to renounce or void a contract or agreement, under certain conditions, to protect from exploitation or unfair terms.

Reasonable Value

The fair or moderate worth of goods, services, or property in usual market conditions.

Lifestyle Clothing Store

A lifestyle clothing store sells apparel and accessories focusing on specific cultural or activity-based lifestyles, often embodying particular fashions, values, or preferences of a niche market.

Procedural Posture

The current status or phase of a legal case as it moves through the judicial system, considering the procedures that have occurred or are pending.