____ is the tendency for shared or jointly owned resources to be squandered and not used in an optimal or advantageous fashion.

A) The resource trap
B) Social loafing
C) The commons dilemma
D) The bad apple effect

Commons Dilemma

A situation in which individuals' short-term selfish interests are at odds with long-term group interests and the common good.

Resource Trap

The situation when a country or region relies heavily on a single natural resource for economic growth, potentially hindering long-term development.

Social Loafing

Social loafing is the tendency of individuals to exert less effort when working in a group compared to when working individually, due to perceived diffusion of personal responsibility.