Which of These Illustrates the Tragedy of the Commons

question 23

Multiple Choice

Which of these illustrates the tragedy of the commons?

• A)A major automotive manufacturer receives a shipment of faulty air bags and installs them anyway since most drivers don't have accidents.
• B)Major industrialized nations generate the most pollution but poorer countries near the equator are most affected.
• C)Each apartment dweller has a kitchen trash bag and carries it to a common dumpster in the apartment complex when it is full.
• D)A bachelor has an impressive saltwater tank of tropical fish and feeds all of them from the same dispenser of fish food.

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Definitions:

General Partner's Liability

describes the legal responsibility of general partners in a partnership to bear unlimited personal liability for the debts and obligations of the partnership.

Limited Partnership

A business arrangement with at least one general partner managing the business and responsible for its debts, and one or more limited partners whose liability is restricted to their investment.

Transferable Interest

An interest in an entity, such as a partnership, that can be transferred or sold from one party to another.

Members

Individuals or entities that are part of a group or organization, such as a corporation, partnership, or any association who may have certain rights, duties, and obligations within the organization.