One Economically Efficient Way to Eliminate the Tragedy of the Commons

question 14

Multiple Choice

One economically efficient way to eliminate the Tragedy of the Commons is to

• A)tax the owners of the resource.
• B)prevent anyone from using the resource.
• C)reduce the marginal social benefit of the resource.
• D)establish private ownership of the resource.

---

Definitions:

Population Growth

A rise in the count of people within a population during a specific duration.

Resource Demand

The desire and ability of consumers or companies to acquire specific resources or commodities that are essential for production or consumption.

Population Growth

An increase in the number of individuals in a population, often impacting economic development and resource consumption.

Demographic Transition

A model that describes the transformation of a country's population structure through stages of development, affecting birth and death rates.