One Way to Overcome the Tragedy of the Commons Is

question 114

Multiple Choice

One way to overcome the tragedy of the commons is to

• A) assign property rights so that someone owns the resource.
• B) take away property rights so that no one owns the resource.
• C) leave the market alone because the market will reach an equilibrium in which the efficient amount of the resource is used.
• D) educate people in order to overcome the problem of rational ignorance.
• E) None of the above answers is correct.

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Definitions:

Dual-process Dependency Model

A theoretical framework suggesting that two distinct cognitive processes (e.g., automatic and deliberative) interact in influencing behaviors and decisions.

Group Belongingness

The feeling of being an accepted and integral part of a social group, contributing to an individual's identity and social connections.

Informational Influence

An influence to accept information from another as evidence about reality.

Stimulus-Absent

This term refers to situations or conditions where an external stimulus or cue expected to elicit a response is not present.