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What is an example of a common resource susceptible to the tragedy of the commons?  A. Public parks  B. Private schools  C. Vaccination programs  D. Research and development subsidies

Question

What is an example of a common resource susceptible to the tragedy of the commons?  A. Public parks  B. Private schools  C. Vaccination programs  D. Research and development subsidies

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Solution

The example of a common resource susceptible to the tragedy of the commons is A. Public parks. This is because public parks are non-excludable (everyone has access to them) and rivalrous (one person's use can interfere with another's use). If too many people use the park at the same time or do not take care of it, it can become overcrowded, dirty, or damaged, which is the essence of the tragedy of the commons.

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Similar Questions

How does the government address the tragedy of the commons?  A. By privatizing common resources  B. By encouraging overuse of common resources  C. By increasing taxes on common resources  D. By providing subsidies for common resources

What is the tragedy of the commons?  A. A situation where common resources are overused due to individual self-interest  B. A situation where externalities are perfectly managed  C. A state of maximum cooperation  D. A situation where externalities do not exist

One economically efficient way to eliminate the Tragedy of the Commons is to areduce the marginal social benefit of the resource. bestablish private ownership of the resource. ctax the owners of the resource. dprevent anyone from using the resource.

Which of the following is   not one of the points made in "Tragedy of the Commons"?Group of answer choicesIndividual property rights play a crucial role in resource preservation.Individual property rights tend to be tragically abused by the owners.Common property will tend to be overexploited.Common property makes its users try to use as much as possible and as soon as possible.

Which of the following statements best defines the tragedy of the commons:答案选项组It can occur when publicly provided goods are overused by taxpayersIt can occur when a non-excludable and non-rival good is overusedIt can occur when a non-excludable and rival good is overusedIt can occur when publicly provided goods are overused by free-riders

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