The So-Called Tragedy of Commons Relates to the Idea That

question 80

Multiple Choice

The so-called tragedy of commons relates to the idea that

• A) no one has an incentive to maintain collectively owned property.
• B) collectively owned resources tend to be underused.
• C) collective ownership provides the proper private incentives for efficiency because individuals bear the full costs of their own decisions and enjoy the full benefits.
• D) central planning sets all production and distribution targets.

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Definitions:

True-False Exams

A type of assessment where participants decide if statements are correct or incorrect.

Recognition

Acknowledgment or appreciation of someone's effort, achievement, or status.

Recall

The act of remembering or recollecting past experiences or information.

Priming

A method for measuring implicit memory in which a person reads or listens to information and is later tested to see whether the information affects performance on another type of task.