If the Use of a Common Resource Is Not Regulated

question 159

Multiple Choice

If the use of a common resource is not regulated,

• A)no one can enjoy it.
• B)it will tend to be underused.
• C)property rights will be clearly defined.
• D)it will be overused.

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Definitions:

Federalism

A system of government in which power is divided between a central authority and constituent political units, like states.

Unitary

Relating to a system of government where the central government holds supreme power, with any regional governments existing solely to execute the central government's directives.

Totalitarian

A system of government where the state recognizes no limits to its authority and strives to regulate every aspect of public and private life wherever feasible.

Federal Republic

A form of government composed of a union of states or regions under a central (federal) government, with powers divided between the central government and its constituent parts.