MRU19.4: THE TRAGEDY OF THE COMMONS

Which of the possible solutions to the tragedy of the commons presented by Professor Tabarrok in the video had the most success? - Public provision - Creating property rights - Command and control responses - Cultural norms

A: Creating property rights

Command and control responses to the tragedy of the commons: - are an effective strategy for preventing the tragedy of the commons. - have never been tried because common resources are nonexcludable. - can sometimes slow the tragedy but often cannot prevent it. - are always completely ineffective at addressing the tragedy of the commons.

A: can sometimes slow the tragedy but often cannot prevent it.

Suppose that in a certain apartment, the roommates will shun one another for leaving their dirty dishes in the sink. In this case, the roommates are using _______ to prevent the tragedy of the commons. - a command and control response - cultural norms - the creation of property rights - public provision

A: cultural norms

New Zealand's system of ITQs is an example of: - the use of command and control responses to slow, but not prevent, the tragedy of the commons. - the use of advertising to turn common resources into private goods. - establishing property rights in order to solve the tragedy of the commons. - using cultural norms in order to solve the tragedy of the commons.

A: establishing property rights in order to solve the tragedy of the commons.

The rivalry of tuna is demonstrated by the fact that: - tuna aggressively protect their food sources. - every tuna caught reduces the number of tuna left for other people to catch. - tuna are a resource that nature continually restocks. - permits are required to fish for tuna.

A: every tuna caught reduces the number of tuna left for other people to catch.

Unlike public goods, common resources: - are nonexcludable. - cannot be provided efficiently by private markets. - get depleted. - can be provided by private markets thanks to advertising.

A: get depleted.

Common resources are goods that are: - excludable but nonrival. - nonexcludable but rival. - nonexcludable and nonrival. - excludable and rival.

A: nonexcludable but rival.

The nonexcludability of tuna is demonstrated by the fact that: - every tuna caught reduces the number of tuna left for other people to catch. - tuna are relatively easy to catch. - tuna are sold in many different ways, from canned tuna to fresh tuna for sushi. - outside of a nation's territorial waters, nobody can be prevented from fishing for tuna.

A: outside of a nation's territorial waters, nobody can be prevented from fishing for tuna.

The tragedy of the commons is the tendency of any resource that is unowned to be: - overused and undermaintained. - overused and overmaintained. - underused and undermaintained. - underused and overmaintained.

A: overused and undermaintained.

Tuna and chicken are both delicious, but chickens are in no danger of going extinct because: - chickens are slightly more delicious. - chickens can be provided by private markets, thanks to advertising. - the stock of chickens is mostly privately-owned. - unlike tuna, chickens are nonrival and nonexcludable.

A: the stock of chickens is mostly privately-owned.