The Common Pool Problem Refers to _____

question 16

Multiple Choice

The common pool problem refers to _____.

• A)the fact that nobody has an incentive to consider the costs their actions impose on others
• B)poorly defined property rights encourage people to join groups to oversee resources
• C)the fact that a small number of participants can create high transactions costs
• D)the fact that a large number of participants can create low transactions costs

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Definitions:

Political Skill

The ability to understand others at work and to use such knowledge to influence others to act in ways that enhance personal and/or organizational objectives.

Cohesive

refers to the quality of being united or forming a whole, especially in the context of group dynamics where members share a sense of togetherness and common purpose.

Performance

The act of carrying out a task or function, measured by the efficiency and outcome of the activity.

Politics

The activities associated with the governance of a country or area, especially the debate between parties having power.