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
Question
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
Solution
The government addresses the tragedy of the commons primarily through option A: By privatizing common resources.
Here's a step-by-step explanation:
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The tragedy of the commons refers to the situation in which individuals, acting independently and rationally according to their self-interest, behave contrary to the best interests of the whole group by depleting some common resource.
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One of the ways to solve this problem is by privatizing the common resources. When resources are privately owned, the owner has an incentive to ensure its sustainability
Similar Questions
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
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
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
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 one of the following demonstrates the concept of the “tragedy of the commons”?Competing companies log as many trees as possible for financial gain until no trees are leftPublic forest land is sold to a privately-owned investor groupLogging forests is dangerous work and ends up killing or injuring many workersA careless hiker accidentally starts a wildfire that destroys hundreds of acres of forestGovernment regulations lead to conditions that increase the risk of forest fire on public lands
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