Tragedy of the Commons

Question 1

Tragedy of the Commons

Answer 1

The tendency of any resource that is unowned, and hence, non excludable to be overused and under maintained

Question 2

Common resources

Answer 2

those that are nonexcluable but rival

Question 3

Common resources get

Answer 3

depleted as more people use them

Question 4

Tragedy of the common refers to the destruction of the ________ . In the case of tuna, it means _____

Answer 4

common resources, collapse of fishing stock

Question 5

Examples of tragedy of commons besides tuna

Answer 5

kitchen w roommates, hunting elephants and rhinos

Question 6

Command and control (remedy for tragedy of the commons)

Answer 6

rules and regulations that are used to limit or avoid tragedy

Question 7

Cultural norms (remedy for tragedy of the commons)

Answer 7

those who damage (overuse) resource are socially disapproved while those that use resource wisely are praised

Question 8

Creating property rights (remedy for tragedy of the commons)

Answer 8

making a common resource excludable- making a common resource “behave” like a private resource

Question 9

The tragedy of the commons is

Answer 9

not inevitable

Question 10

Enforcement of ____ can prevent tragedy of commons

Answer 10

norms