Multiple Choice
A possible solution when a scarce resource is subject to the tragedy of the commons is
A) Restrict access to the commons through community norms and laws
B) Offer subsidies to consumers.
C) Force people to move away from the commons.
D) Persuade people to use less of the scarce resource through an advertising campaign.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: What is a private benefit from consumption?
Q76: Private solutions to the problem of externalities
Q77: Figure 15.6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.6
Q80: Figure 15.4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.4
Q81: A market failure<br>A)refers to the inability of
Q82: An external cost is created when you<br>A)graduate
Q84: Figure 15.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 15.2
Q137: A tragedy of the commons occurs when
Q138: A product is considered to be nonexcludable
Q245: The Coase theorem asserts that government intervention