The Tragedy of Commons Relates to the Idea That

question 16

Multiple Choice

The tragedy of commons relates to the idea that

• A) central planning sets all production targets.
• B) all wages, prices, and interest rates are controlled by government.
• C) collective ownership may not provide the proper private incentives for efficiency because individuals do not bear the full costs of their own decisions, but enjoy the full benefits.
• D) central planning sets all distribution targets.

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Definitions:

Meaningfulness

The sense or perception that one's work and efforts are worthwhile and important, contributing to a greater purpose or goal.

Self-concepts

The collection of beliefs, attitudes, and perceptions that an individual holds about themselves, shaping their identity and behavior.

Job Enrichment

A method of motivating employees by providing them with opportunities for growth, achievement, and responsibility in their jobs.

Job Enlargement

An approach to job design that increases the number and variety of tasks that an individual performs.