Asked by Yujing Huang on May 28, 2024
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Which of the following is not one of the points made in "Tragedy of the Commons"?
A) Individual property rights play a crucial role in resource preservation.
B) Common property will tend to be overexploited.
C) Common property makes its users try to use as much as possible and as soon as possible.
D) Individual property rights tend to be tragically abused by the owners.
Tragedy of the Commons
The tragedy of the commons describes a situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, even as it is clear that it is not in anyone's long-term interest for this to happen.
Property Rights
Legal rights to possess, use, and dispose of land, buildings, or goods owned by an individual or entity.
- Analyze the notion of "Tragedy of the Commons" and its utilization in the stewardship of natural resources.
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Learning Objectives
- Analyze the notion of "Tragedy of the Commons" and its utilization in the stewardship of natural resources.
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