Which of the following is an example of government intervention to solve a Tragedy of the Commons problem?
A)antipoverty programs
B)national defense
C)toll charges on congested roads
D)agricultural subsidies

Question

Quizplus · Accepted Answer

Toll charges on congested roads is an example of government intervention to solve a Tragedy of the Commons problem. The Tragedy of the Commons refers to the situation where individuals use a shared resource in their own self-interest, depleting or spoiling the resource over time. In the case of congested roads, drivers act in their own interest by using the road as much as possible, leading to congestion and delays for everyone. Toll charges can help correct this by charging drivers for their use of the road, which can lead to fewer drivers and less congestion. The revenue generated from tolls can also be used to fund the maintenance and improvement of the road.

Which of the Following Is an Example of Government Intervention