The "Tragedy of the Commons" Refers to

Multiple Choice

The "tragedy of the commons" refers to

A) the inability of lower income groups to achieve a higher level of education.
B) the absence of incentives to prevent the overuse of a common resource that arises when its users have no incentive to conserve it and use it sustainably.
C) the acceptance of deplorable working conditions by those who lack the human capital to obtain a better job.
D) the tendency for bureaucrats to maximize their budget.
E) farmers who allow their livestock to overgraze their fields.